“Now is the time to consider divestment of such investments.” “Investors now need to look closely at investing in fossil fuel companies else they may be left with stranded assets because much of the known coal, oil and gas reserves have to be left in the ground or under the sea,” Gore said. In many cases, renewables are now competing on cost with fossil fuels – not just for electricity but also for heating and transport.Īnd he said the answer to “Will we change?” will be known when the final text from the Paris meeting is agreed at the end of next week – only then will businesses and investors know where they stand. ![]() “Yes” to the second, as improved energy efficiency continues and the shift to renewable energy is moving fast. ![]() “Yes” he said to the first, because our energy supply, food supply, transport systems and forests are all under various levels of stress and increasing risks.
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