COP27: The essential role for supersized finance in tackling climate change
Wednesday 9th of November 2022 is finance day at COP27. Upscaling current efforts to reduce emissions will require huge investment across a number of sectors.
If we’re going to limit average global temperature from rising to 1.5 degrees Celsius, the pace of change needs to shift. At Lightsource bp we understand that we need to go beyond business as usual to achieve our 25GW by 2025 target. We need to shift from the concept of gigawatts to terawatts, which means finance on a huge scale, from talking in terms of millions of investment to billions — getting finance right to help us grow from strength to strength.
Our Group CEO, Nick Boyle explains more in this video…
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