Too much or doable - $900 Billion Annual Investments Needed In Renewables By 2030

Deploying renewables on the scale necessary to limit global temperature rise below 2 degrees would require current investment to double by 2020, and triple by 2030 to around US$ 900 billion annually. Making renewables more attractive for investors means removing market barriers and mitigating risks. Governments and public finance institutions can provide technical assistance and grants for project preparation and development, while structuring and designing on-lending and co-lending options can improve access to finance and build local lending capacity.  Sounds realistic, but in praxis it's all different. The gap between theory and praxis, text and world is too big.

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Renewables will arrive of own accord when tech and price points make it practical

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The goal is possible. Clean, renewable energy can be used by electric plants to produce electricity. Water, sun, wind --- and new technology, yet untapped -- all doable when there is a desire to protect and nourish our planet.

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1 hour ago, damirUSBiH said:

The goal is possible. Clean, renewable energy can be used by electric plants to produce electricity. Water, sun, wind --- and new technology, yet untapped -- all doable when there is a desire to protect and nourish our planet.

Agree!! The goal is Big, But When there is a question of saving this planet, then everyone will come forward and it is necessary to follow the rules and invest in renewables.

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Great approach and very achievable. It's important that governments create transparent investment climate and don't change the rules through negotiations. They just have to stick with it. 

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Renewables will arrive eventually.  The problem is that governments around the world are not in a position to continue to support all the tax incentives these companies continually require.  Even Tesla has issues when the California government hints at reducing subsidies.  Oklahoma said it was going to reduce the wind farm credits and the industry had a melt down.  When the price of renewables is comparable to fossil fuels, the adoption rate will accelerate.  Until then, it will be a slow ramp.

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It's a great starting point and a reachable goal, especially by 2030. I hope we see these improvements in our environment in the next 10-12 years. We are in a moment of stand by and watch or take action. 

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2 hours ago, Harsh vardhan singh said:

Agree!! The goal is Big, But When there is a question of saving this planet, then everyone will come forward and it is necessary to follow the rules and invest in renewables.

 

46 minutes ago, Cobra67 said:

Renewables will arrive eventually.  The problem is that governments around the world are not in a position to continue to support all the tax incentives these companies continually require.  Even Tesla has issues when the California government hints at reducing subsidies.  Oklahoma said it was going to reduce the wind farm credits and the industry had a melt down.  When the price of renewables is comparable to fossil fuels, the adoption rate will accelerate.  Until then, it will be a slow ramp.

 

41 minutes ago, CMOP said:

It's a great starting point and a reachable goal, especially by 2030. I hope we see these improvements in our environment in the next 10-12 years. We are in a moment of stand by and watch or take action. 

I agree. Generally, it will be hard. Last example is the South Australia:new Prime Minister supports more coal and fuel than renewables. Some contracts are already questionable.... From government to government:) Please see the topic since yesterday: Glencore To Buy Australian Coal Mine From Rio Tinto In $1.7bn Deal
 

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2 hours ago, Pavel said:

 

 

I agree. Generally, it will be hard. Last example is the South Australia:new Prime Minister supports more coal and fuel than renewables. Some contracts are already questionable.... From government to government:) Please see the topic since yesterday: Glencore To Buy Australian Coal Mine From Rio Tinto In $1.7bn Deal
 

This is a bit easier to do for governments that can just snap their fingers and make it happen. Not so much when voting taxpayers have to back it (and pay for it). People love to latch on to the cause celeb, but love less paying for it (or re-electing the official that backed some legislation in support of it). 

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(edited)

I feel that renewables will incrementally grow to a certain point. Right now, it is too expensive and unreliable to completely replace fossil fuels. What we should be doing is to encourage investment in research, allow consumers to utilize rainwater harvesting techniques, use rooftop solar, enhance recycling programs. All of these market dominated techniques will help the consumer, the environment, everyone. Ramming down mandated green programs will only cause resentment among those who can afford it and rejection among those who cannot.

Basically its like living in California or Vancouver. It is not very liberal, it is progressive - and no one wants to live in a progressive area, just ask california.

Edited by Arjun
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