SUSTAINABILITY
When it comes to green investing – a form of socially responsible investing in companies that support or provide environmentally friendly products and practices – there are a plethora of benefits , including carbon reduction , biodiversity conservation and natural resource management .
Through green investing , new technologies that support the transition from carbon dependence to more sustainable alternatives turn from concept to reality , and this could not be more applicable to the energy sector .
Green investing plays a pivotal part in ensuring a sustainable future . The International Energy Agency ( IEA ) estimates that around US $ 2.8tn was invested in energy in 2023 alone , more than US $ 1.7tn of which funnelled into clean energy such as renewable power , nuclear , grids , storage , low-emission fuels , efficiency improvements and end-use renewables and electrification .
The body also highlights how clean energy investment is extending its lead over fossil fuels , a change boosted by energy security strengths , with solar anticipated to eclipse oil production for the first time .
This shows that green investment is essential for transitioning away from fossil fuels , reducing greenhouse gas emissions and combating climate change .
Tom Foley , Executive Director for the UK , Europe & Middle East in Future Energy at GHD is an experienced energy
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