Investment Deficit Puts Planet on Path to Miss 1.5C, Study Finds
- Green spending isn’t keeping up with goals of Paris Agreement
- ‘We aren’t even reaching 50% of what’s needed annually’
A lack of investment in green energy has left the world on track to overshoot the 1.5C temperature increase that scientists have defined as a critical threshold in global efforts to contain climate change.
The finding was published on Thursday by REN21, a renewable energy think tank. In its annual status report on global clean energy supply and demand, the group said the gain in green spending last year wasn’t enough to prevent greenhouse gas emissions from climbing.