If you ever needed proof that we are truly embarking on a renewable energy revolution, then look no further than the latest report from one of the most respected credit ratings agencies in the world.
According to Standard & Poor’s latest analysis, the Paris Agreement, signed last month during COP21, will unleash more than $16 trillion of investments to retrofit buildings plus urban and national infrastructure with renewable energy and clean technologies.
To support this transition, a UN backed initiative was launched called the Green Infrastructure Investment Coalition.
It aims to help investors understand the pipeline of green infrastructure investments as well as shape capital market instruments to ensure capital flows.
The idea is to scale up the green bond market from its current $40 billion to the $1 trillion needed to fund low-carbon infrastructure.