Governmental Inaction on Renewable Energy Targets is Inhibiting Investors
Independent global energy think tank Ember has published a study outlining how government inaction on renewable energy targets is inhibiting investors in the critical but capital-dependent industry. Renewables like solar and wind energy have made major gains over the past decade thanks to policy support and reductions in costs, but such projects require significant capital support in their initial stages, making them heavily reliant on investor funding. However, insufficient government action is making investors uneasy about green energy, and many are considering relocating their capital to other low-risk sectors. According to Ember, countries remain far from achieving the COP28 pledge…
