An important piece by Peyton Fleming of Ceres (@PeytonCeres):
Institutional investors like to call themselves global investors, but when it comes to global clean energy financing that’s hardly the case. Pension funds, insurance companies and other investors manage trillions of dollars, but precious few of those dollars are being invested in renewable energy projects in developing countries — a key linchpin in curbing carbon pollution to avoid catastrophic global warming.
This investment gap needs to be closed. The conditions are ripe for doing so now as developing countries step to the plate with climate commitments in advance of the COP 21 international climate talks in Paris in early December.
The urgency in countries like Brazil, Kenya and India is obvious. Carbon pollution is still increasing, and the biggest reason is proliferating pollution in fast-growing Asia, South America and Africa. Barring major changes, energy-related pollution from developing countries will be more than double that from developed countries by 2040, according to the U.S. Energy Information Administration.
For investors, profits on investments are key, of course. But healthy investment portfolios also rely on a stable long-term global economy. And a rapidly warming planet jeopardizes economic stability….The good news on the investment front is that renewable energy is gaining traction in Africa and other emerging economies.