Renewable Energy Investments ( solar Thermal Magazine ) – June 2014, WWF, in partnership with The Guardian, has launched an online hub titled Renewable energy: access & investment.The four-month partnership has been established in the lead up to the September United Nations Climate Summit 2014. Hosted by UN Secretary-General Ban Ki-moon, the summit is part of the global effort to mobilize action and ambition on climate change and will be attended by Heads of State and Government along with business, finance, civil society and local leaders.
The hub forms part of WWF’s Seize Your Power global investment campaign with the site being established to profile necessary trigger points to move energy investments in the face of climate change.
“As recent reports by the Intergovernmental Panel on Climate Change have said, if we’re to have any chance of tackling global warming, we will have to address the biggest source of greenhouse gases, which means rapidly decarbonising the world’s energy systems. In investment terms, this means switching investment away from fossil fuels and into renewable energy,” explains Leader of WWF’s Global Climate and Energy Initiative Sam Smith.
Some $44 trillion in global investment in clean energy will be needed by 2050 if we are to keep global average temperature rise below 2°C, the levels required to avoid climate catastrophe. WWF’s Seize Your Power global campaign on climate change is calling on financial institutions including major sovereign wealth funds, pension funds and multilateral development banks to significantly increase their funding of renewable energy and cut funding to fossil fuels as a key way to tackle climate change.Through the partnership with Guardian Global Development Professionals, WWF will explore the different aspects required to tackle climate change, one of the biggest environmental problems of our time.