Our existing energy market has been in development for over a century and changing it to renewable energy is no easy feat. Among other factors, it requires incredibly large capital investments and thus far, renewable energy has reached 21.6%. It was further explained during the One Planet Summit in December 2017, when U.N. Secretary-General Antonio Guterres said: “Finance is the key to successful climate action.”
Even so, why is the adoption of renewable energy lacking on a global scale? It’s certainly not for a lack of wanting a cleaner life or to improve the world for future generations. Instead, market conditions slowing the development of
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