Investors Vow To Pour Trillions Of Dollars Into Clean Energy Transition
The wave of optimism that followed last month’s climate change deal in Paris is wending its way down Wall Street. Investors and financiers meeting in New York this week vowed to harness their trillions of dollars in collective wealth to develop clean energy projects and curb the planet’s carbon emissions.
Whether they actually deliver on that promise could mean the difference between winning and losing the fight against climate change. Only with a dramatic spike in spending — and a total shift away from fossil fuel investments — can countries have a shot at avoiding dangerous levels of global warming, according to policy leaders and climate experts speaking at the Investor Summit on Climate Risk at the United Nations headquarters Wednesday.