PARIS, France, June 25, 2023 (Maximpact.com Sustainability News) – US$ 2.8 trillion is set to be invested globally in energy in 2023 – a record amount. And US$ 1.7 trillion of that, more than half the total, is expected to go into clean energy technologies, with solar power set to eclipse oil production for the first time, finds the latest World Energy Investment report from the International Energy Agency (IEA).
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“There is a growing sense of inevitability about putting a price on carbon pollution,” said World Bank Group President Jim Yong Kim on the eve of the April 22 signing ceremony at UN Headquarters of the Paris Climate Agreement.
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The world’s top bankers are getting comfortable with what World Bank Vice President and Special Climate Envoy Rachel Kyte calls “a new generation of policy innovations that aim to ensure the financial system serves the needs of inclusive, environmentally-sustainable, economic development.”
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