Reading through the latest on Impact news I came across an article published by Karma. The author, Neanda Salvaterra, has oriented much of her writing around the global transition to renewables over the last decade and in her article (Countries Can Reach 100% Renewable Electricity Goal, Says IRENA) she presents statistics on the increasing efforts certain countries are going to in order to incorporating renewable energy production into their power grids. In reading this article I asked myself can we actually achieve 100% renewable target.
The events of 2019-2020 have shown many the importance of maintaining public and environmental health.
Where moving forward from these issues requires us to make changes to the old systems that no longer serve the common good. Globally we are starting to see countries develop a greater interest in renewables, and in doing so are discovering the benefits and potential they have in providing a population with cleaner and safer energy production alternatives.
Currently we are being challenged by technological limitations, but the progression of efficiency and affordability will continue to grow the more we invest our time and capital into innovations.
So, even when renewable projects are criticised for their shortcomings it is important, we remember that it is a process, redesigning our infrastructure and the systems we have relied on for such a long period will take time to innovate.
I am confident that we are able to achieve our renewable electricity goals as the engagement from governments globally, supported by the UNSDGs and impact manager in the space, will drive us towards the possibility of a world with 100% renewable energy and turn back the negative effects’ fossil fuels have had on our plant and society at large. Wealth of Nations is fortunate that we represent a number of quality impact managers with a primary SDG focus on ‘Affordable and Clean Energy’ clean energy, such as our own domestic champion Impact Investment Group (IIG) and North Sky Capital in the U.S.
If you are an institutional investor wanting to create positive change around the clean energy thematic, be sure to reach out as we would love to talk to you about the great impact managers we work with.
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