Best Ways to Speed Up Renewable Energy Investment Globally

via New Index Aims At Speeding Up Renewable Energy Investment


… most countries still lack a policy framework that provides companies with an efficient pathway to access renewables.

Fortunately, help is on the way. IRENA (the International Renewable Energy Agency) has just launched a new first-of-its-kind survey project called the REmade Index. The idea is to assemble a database of best practices and models for any and all businesses that have purchased renewable energy. The survey includes companies of any size, so it provides a great opportunity for small business owners and managers to lend their experiences to the global effort.

What’s the renewable energy problem?

To the casual observer, the pace of renewable energy adoption may seem strong. Wind, solar and other low or zero emission energy technologies have been experiencing a years-long trend of explosive growth, and costs keep dropping.

However, climate experts and other researchers are concerned that the current rate of investment in clean power is not fast enough to meet the Paris Agreement goal of limiting global warming to 2 degrees centigrade.

According to IRENA, the average annual investment in clean power should be at around the mark of $900 billion. With that kind of financial muscle behind it, the share clean power in global energy should top 35 percent by 2030, about double what it is now.

That’s a tall order considering that total clean power investments in 2015 barely scraped past $300 billion.