The transition to a net-zero carbon economy will be straightforward: we just roll out cheap clean energy technologies, become more energy efficient every year, keep innovating and stop chopping down forests. What could be easier? The transition will also be brutally challenging: every sector of the economy will have to switch to new technologies, consumers will have to change behaviors, new supply chains will have to be built, and all this has to happen in every major economy, in just a few d...| liebreich
In January this year, BloombergNEF announced that investment in the clean energy transition had broken through the $1 trillion mark in 2022, for the first time matching the total investment in fossil fuels. Just under 90% of the funds went to just two sectors: renewable energy and electric vehicles, which each attracted nearly half a [...]Read More...| liebreich