A trillion dollar a year in cleantech is needed
A thousand billion dollars, this the kind of money we need to invest every year to keep the world from warming more than two degrees Celsius, according to the UN climate chief Christiana Figueres, quoting IEA figures.
In an interview with the Guardian, she stated that investments in clean technologies have to at least triple – from around $300 billion currently – in the next 15 years to avert a climate catastrophe.
Doing this would require involving the world’s biggest investors such as pension funds, insurance companies, foundations and investment managers, which control about $76tn in assets.
To date these investors only put two percent of their money on green / clean projects, compared to 10 to 15 percent on oil and coal. Guess divesting makes even more sense now.