Rule One of Green Finance: Fossil Foolishness has become vastly more expensive than wind, solar, storage, and so on, and increasingly unprofitable. Rule Two: When you talk about Real Money, even the most hidebound practitioners have to take notice. Not those who are paid to deny reality, of course. But those profits are looking increasingly thin.
Finance is an insane business, between the shenanigans of the banksters and the marketeers, the politics of economics denial, the Ponzi scheme of fracking, the Oil and Gaslighting industry, and the lack of access to finance in "risky""developing" countries.
So how come trillions of dollars got poured into those countries when they were dictatorships, subject to endless civil wars, and only now is the risk deemed too great, when so many are transitioning to democracy, the rule of law, and economic growth? Oh, of course. Sane economic and financial regulation, too. One could be forgiven for concluding that the financial Masters of the Universe, as some of them call themselves, want other countries to be messed up. As in Naomi Klein's vision of The Shock Doctrine: The Rise of Disaster Capitalism.
Even so, about $300 billion a year has been going into solar and wind power, and now more into battery storage, electric vehicles, decarbonizing various industries, renewable agriculture, and much more. Divestment from carbon is also taking off.
Throughout Q2 2020, pv magazineis diving deep into the topic of green finance and what it means for solar industry players, as a part of its UP initiative. Topics will include the European Green Deal, regional growth opportunities, green bonds, and the role of the carbon bubble. Stay tuned and get involved!
Yes, definitely. I have done the EGD, various Green New Deals, divestment, and the situations of various countries and US states. There is getting to be more and more and more of it. Isn't it wonderful? (Except for the remaining Denialists and other Obstructionists.)
Green finance is more than a bubble
Felicia Jackson explains why green finance is changing the energy world and is not just a dream for solar fans. Hailing from London, she is a financial expert, a co-founder of New Energy Finance, now Bloomberg NEF, a member of the UN working group that discusses methods for environmental goals, and a professor at the University of London. Jackson will also author a pv magazine white paper on the topic, scheduled to publish this summer.
Excellent. I'll definitely Diary that, too.
There is no way to take a comprehensive look at Green Finance in a single Diary. So I won't. I will just mention some of the main topics here that we can come back to frequently as various aspects develop.