Future of the Environment

Without private finance, there will be no green transition. Here is what needs to happen

A worker inspects solar panels at a solar Dunhuang, 950km (590 miles) northwest of Lanzhou, Gansu Province September 16, 2013. China is pumping investment into wind power, which is more cost-competitive than solar energy and partly able to compete with coal and gas. China is the world's biggest producer of CO2 emissions, but is also the world's leading generator of renewable electricity. Environmental issues will be under the spotlight during a working group of the Intergovernmental Panel on Climate Change, which will meet in Stockholm from September 23-26. REUTERS/Carlos Barria (CHINA - Tags: ENERGY BUSINESS ENVIRONMENT) - GM1E99M16HZ01

'Incentives like rebates and tax credits allowed wind and solar power to expand, by driving down costs for businesses and consumers.' Image: REUTERS/Carlos Barria (CHINA - Tags: ENERGY BUSINESS ENVIRONMENT) - GM1E99M16HZ01

Werner Hoyer
President, European Investment Bank
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Related topics:
Future of the EnvironmentClimate ChangeEnergy TransitionSustainable DevelopmentSDG 07: Affordable and Clean EnergyElectricityEconomic Progress
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