Despite record investments in renewables, the current funding for clean energy deployment is insufficient for the world to reach the 1.5 degrees Celsius pathway under the Paris Agreement, renewable energy think tank REN21 said in an annual report. Despite record renewables investments, which hit as much as $622.
“Interest rates in emerging economies remain significantly higher than in advanced economies, further hindering progress towards sustainability.” Last year, global additions to renewable power capacity jumped by an estimated 36% to reach 473 gigawatts GW, a new record for the 22nd consecutive year, REN21’s analysis showed.
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