CleanTechnica•about 1 month ago
Trillions Of Dollars Committed To Fossil Fuel Divestment
Key Takeaway
The massive shift of capital away from fossil fuels will accelerate clean energy development, making financing more accessible for renewables and potentially increasing the cost of capital for fossil fuel-dependent projects and operations.
AI Summary
- •Trillions of dollars are being committed to fossil fuel divestment, signaling a significant global financial shift away from traditional energy sources.
- •Financial products, including typical investment vehicles like retirement accounts, are facing increased scrutiny regarding their fossil fuel exposure, driven by growing investor demand for sustainable options.
- •This divestment trend implies a tightening of capital availability and potentially higher financing costs for new fossil fuel projects and existing operations.
- •The reallocation of these funds is expected to increase capital availability and potentially lower financing costs for renewable energy projects (solar, wind, storage) and clean energy infrastructure development.
Topics
ccgtemissionsfinancingpolicyppasolarstoragewind
Article Content
A while back, considering a rather tiny personal investment in a typical financial product, I asked a bank if they knew if it was invested in fossil fuels. They didn’t seem to know. Not knowing what typical financial products, such as CDs or retirement accounts, are invested in might be ... [continued] The post Trillions Of Dollars Committed To Fossil Fuel Divestment appeared first on CleanTechnica .