Innovation in renewable energy technology is the single most important dynamic for infrastructure investment if the global community is to avoid the cataclysmic effects of climate change on our natural environment.
The 2015 Paris Agreement binds participating countries to limiting the global temperature rise to well below 2 degrees Celsius and, given the grave risks, to strive for less than a 1.5°C increase. By many measures, innovation and investment in renewable technology has been impressive since the adoption of the Paris Agreement. For example, Bloomberg New Energy Finance estimated that by January 2020, either solar or onshore wind would be the cheapest source of new bulk power generation in countries that make up two-thirds of world population, 72% of global GDP and 85% of electricity dem...
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