Over the past five years, and growing dramatically leading up to and post-Paris COP 21, a movement of institutional and individual investors representing more than $3.4tn in assets under management have divested a portion of their fossil fuel investments and committed to divesting the balance in the next five years. The corollary of divesting fossil fuels is re-investing in the clean energy future. As an invitation to a larger discussion of how we can invest in a clean energy future, we created the Carbon Clean 200 (Clean200TM)—a list of the 200 largest companies worldwide ranked by their total clean energy revenues.
The Dominican Republic has set ambitious targets to reduce its per capita greenhouse gas (GHG) emissions. Another objective is to reduce import dependency and the local and global impacts of fossil fuel combustion on the environment, including those associated
with climate change. The target is to reduce GHG emissions by 25% by 2030 compared to 2010.
By 2030, business could cut its greenhouse gas emissions by 3.2-4.2 billion tonnes per year below current trends, by joining climate change initiatives. That’s equivalent to up to 7-9% of the world’s 2010 emissions
Effective action in limiting the extent and effects of climate change will have to include changes in business and massive investment by the private sector in making the energy transition from fossil fuels to clean energy and the development of a low-carbon economy
According to IRENA’s REmap, a doubling of the renewable energy share in the global energy mix by 2030 combined with a doubling of annual improvements in energy efficiency would set the world on a path that could limit global warming well below 2 degrees Celsius (°C) above pre-industrial levels by the end of this century, in line with what the countries have agreed in Paris at the 21st session of the Conference of the Parties to the United Nations Framework Convention on Climate Change
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13 March 2018
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