Investors and
business leaders got an in-depth look at different ways investors are measuring carbon risk exposure at ‘Finance
and Climate: Metrics’ event during Climate Week Paris in
May. Stranded assets – wasted capital of fossil fuels remaining unburned
due to climate impact - is particularly central to carbon risk methodology.
The
power industry is traditionally very focused on the long term – or about 40
years, which is what an average power station would run for. However,
investment environment can change quickly. For example, as Mark Lewis of Kepler-Cheuvreux mentioned, during just
the last five years, the cost of solar power generation came down
from US$400 per MWh to just
about US$130 today. Solar and wind power projects provide
better energy return on capital invested than traditional fossil fuel technologies, despite
higher upfront costs. Read more at http://www.theclimategroup.org/SUSTAINABLE & CLEAN ENERGY | ENERGY EFFICIENCY | LOW CARBON DEVELOPMENT | CLIMATE CHANGE | ___________ TECHNOLOGY | POLICY | INVESTMENT
Wednesday, June 10, 2015
Renewables offer today better return on investments than fossil fuels
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carbon
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fossil fuels
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investments
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renewable energy
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technologies