In the latest issue of SEB's The Green Bond report, our experts explain how we have now reached the end of the beginning for the clean energy transition, or the point where the annual zero-emission energy growth outpaces the increase in total energy consumption and where absolute CO2 emissions start falling. As the
The energy shocks of the early 2020s have triggered a policy revolution that is breaking with decades of free-market convention, suggesting that the global energy transition will proceed faster than historical transitions. This has now lifted the annual increase in renewable energy capacity to a level that matches the total increase in energy consumption. In other words, we are now at the peak for both CO2 emissions and fossil fuel consumption.
"This is not the beginning of the end for the transition though, or in any way cause for complacency - the dangers are abundantly clear in the new IPCC synthesis report," says
Solving that problem will require sustained policy support and investments in clean energy technologies that are not yet profitable on a market basis, a significant increase in the supply of key materials, and vertical integration and coordination across supply chains, says
Water summit
Sustainability is about more than clean energy though, and this issue of The Green Bond is launched while policymakers gather in
"Water is perhaps not prominent on investors' radar right now, but it will be," says Gregor Vulturius, Advisor at Climate & Sustainable Finance at SEB. "Like energy, water is crucial for sustaining human lives and a crisis is brewing. That is why this issue of The Green Bond is dedicated to the water crisis, with interesting perspectives from a range of experts."
Sustainable financing
The report also features an update on the sustainable finance market. January and February witnessed the second-best start to a year for labelled bonds and loans on record. A total of
"Despite the resurgence in sustainable financing that we have seen so far this year, meeting investment needs for water and sanitation infrastructure improvement remains a huge challenge," says Gregor Vulturius. "Achieving SDG6 - to ensure availability and sustainable management of water and sanitation for all - will require investments of
About The Green Bond report
SEB, which together with the
For more information, contact:
Lina Apsheva, Climate & Sustainable Finance
+46 70 767 6527
lina.apsheva@seb.se
Press contact:
+46 70 763 8243
niklas.x.magnusson@seb.se
SEB is a leading northern European financial services group with international reach. We exist to positively shape the future with responsible advice and capital, today and for generations to come. By partnering with our customers, we want to be a leading catalyst in the transition to a more sustainable world. In
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