The rise in clean energy and meeting climate goals

Generation Investment Management recently shared the eighth edition of its Sustainability Trends Report, which highlights both the progress made and the challenges ahead. Renewable electricity is growing rapidly, with the installation of new solar energy growing 74 percent in a single year. Renewables are going the fastest of all electricity development. However, power demand is starting to grow rapidly too, supported by data centers and the movement to electrify everything. While we are making progress, the climate crisis continues to escalate faster than solutions can keep up. The answer to this challenge lies in sustained, long-term commitment and scaling up green tech.  

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As the 10th anniversary of the Paris agreement approaches, the urgency grows. Global emissions have yet to recede. New national climate plans are due to be made public in early 2025, bringing with them stricter regulations designed to accelerate the transition to a low-emissions future. To keep us on track for these goals, and those made at Dubai of tripling world renewable energy resources, global ambition and cooperation must increase.

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At Innovo, we’re dedicated to driving this transition. Through innovative solutions, we aim to protect the environment and create long-term economic growth. Helping to finance renewable energy development, we work towards a greener and more sustainable future.

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Read the full report here: https://str2024.generationim.com/chapters/introduction