Tag Archives: National Bank of Abu Dhabi

Renewables outcompete oil –National Bank of Abu Dhabi

A Middle East bank says:

300x309 Ambitious scenario, in Financing the Future of Energy, by National Bank of Abu Dhabi, March 2015 Renewables accounted for 57 per cent of global power investment in new generation in the period 2000-2013.

And that’s even with all the legal and financial roadblocks thrown up by entrenched fossil fuel companies and electric utilities. The report recommends aligning policy and finance:

To deliver a sustainable energy system for the long term, the financial community and policymakers need to work collaboratively: stimulating and de-risking investment, and developing innovative structures which can support the financing of future energy.

With that collaboration, the Middle East and North Africa could see this kind of energy deployment scenario: Continue reading