World governments aim to triple renewable energy by 2030, but post-pandemic challenges include central banks' rate hikes, supply chain issues, and high interest rates for new projects.
World governments aim to triple renewable energy by 2030, as agreed at the UN climate summit. However, the post-pandemic global economy poses challenges to this goal. Key hurdles include central banks in Europe and the US raising interest rates to combat inflation, making renewable projects more expensive; supply chain snarls causing order backlogs and delays; and high interest rates making it difficult to launch new renewable projects.
March 25, 2024
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