Energy & Science
New Green Power Growth Commitments Lag Climate Goals
- Government and corporate green targets would cost $1 trillion
- More renewables will be needed to hit global climate targets
Photographer: Chris Ratcliffe/Bloomberg
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Commitments for new renewable power capacity are off to a slow start this decade, just as more investment is needed in clean technology to slow down the worst effects of climate change.
Targets set by governments and companies for installations of technologies like wind turbines and solar panels this decade are far below what was built in the previous 10 years, according to research from BloombergNEF for the United Nations Environment Program and Frankfurt School’s UNEP Center published Wednesday.