Case Study by Gianni del Bimbo, Rodrigo Hernández Cifuentes, Esperanza Cuenca Gómez, Daniel García Guijo and Angus Dunnett
Some Illustrative Examples and Paths Forward
Climate change poses an ever increasing threat to ecosystems and human civilisation. Although countries and organizations have set incredibly ambitious goals1, which would require the investment of an unprecedented amount of capital, they would still fall short of the maximum 1.5ºC of global warming that has been deemed as the point of no return by 2050.
Indeed, according to the last figures released by the International Renewable Energy Agency, (IRENA) in its report “World Energy Transitions Outlook 2022: 1.5°C Pathway”2, the policies in Place (PES) scenario investments amount to USD 98 trillion between 2021 and 2050, and USD 35 trillion between 2021 and 2030. Thus, this scenario implies a near doubling of annual energy investment, which in 2019 amounted to USD 2.1 trillion.
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