<
https://www.climateandcapitalmedia.com/the-greatest-surge-of-renewable-dealmaking-ever/>
"Ignore the overpromising and under-delivering of the United Nations climate
talks last week in Egypt. Ignore the staggering last days of the now-hated
buzzword, ESG — financial moves that consider the Environmental, Social, and
Governance impacts.
Focus instead on perhaps the biggest two months ever in the history of climate
and energy finance. In Australia, two massive transactions will transition 25
percent of the country’s generated power away from coal in the next decade. In
the United States, New York’s Con Edison completed a $6.6 billion landmark
restructuring of its renewable energy business. In India, hundreds of millions
in new renewable energy deals were signed. But the big one occurred in Bali
when a coalition of countries led by the United States and Japan agreed to
mobilize $20 billion of public and private finance — the largest ever — to
accelerate Indonesia’s transition away from coal. By our admittedly informal
calculations, we estimate that the total deals announced (ex-China) for the
past 30 days was approximately $47 billion if you also calculate the change of
ownership of the value of one of Australia’s power plants. It caps a
spectacular year for renewable energy projects. More than $226 billion in new
investments were made in renewable energy in the first half of 2022, an
all-time high, according to
Bloomberg NEF."
Via
Future Crunch issue 192:
https://futurecrunch.com/
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
