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Article

29 Jul 2015

Author:
Juliet Davenport, Good Energy, in BusinessGreen (UK)

Environmentally-focused investment community needed to combat climate change, says Good Energy CEO

“When it comes to clean energy the traditional investment market is not fit for purpose”, 14 Jul 2015

The Lancet Commission's Health and Climate Change report published last month revealed that climate change threatens 50 years of progress in global health…Hard on the heels of this report came a landmark verdict in Holland, where for the first time a state has been held responsible for climate change action - or inaction! - under Human Rights law. The judge said the government 'must do more to avert the imminent danger caused by climate change'...[S]lashing fossil fuel use also presented the greatest global opportunity to improve people's health in 21st century…Renewable energy offers the perfect solution - but it needs forward thinking investors who are willing to move away from traditional, fossil fuels and embrace the potential of a relatively new sector, with new and emerging technologies. One of the challenges for smaller company start-ups in the renewables sector is finding funding - there's still no environmentally-focused investment community in existence where new business can go and look for financial backing…There's reluctance on the part of some investors to put their money into renewables, as they mistakenly believe that such investment will only be successful because of government subsidies…