2min chapter

Planet A - Talks on Climate Change cover image

Angela Carter - On National Bans and Global Commitments to Phase Out Fossil Fuels

Planet A - Talks on Climate Change

CHAPTER

The Investment Gap Between Oil and Gas Exploration and Production

The investment gap between the investments that are needed for renewable energy and what we're currently seeing in terms of global financing right now, it's basically equal to what is currently going towards oil and gas. And so a big part of the puzzle ... is trying to realign those financial commitments with the kinds of energy systems that we actually want to build. That's difficult. There's plenty of capital out there, it's just going to the wrong place.

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