Investment in green power production should be front-loaded in order to gear up the global build-out of renewables more rapidly to meet Paris climate action targets, as the sector and the financial industry hammers out how to “most wisely” use up the world’s remaining emissions budget, according Ditlev Engel, chief executive of energy systems at DNV.
Speaking with Recharge ahead of an event with leaders of the renewables and financial industries later today (Thursday) that coincides with the official launch of a new report, Engel advocated a pragmatic approach to manage the timing and available financial resources for the energy transition.
