Leaders talk climate change at COP 22 summit
The climate change conference is concentrating on how governments & business can collaborate to reduce carbon emissions.
PRETORIA - The climate change conference underway in Marrakech, known as COP 22, is concentrating on how governments, business and financial institutions can collaborate to reduce carbon emissions to help prevent global temperatures from rising.
Governments have set targets, but enterprises and banks will have to take on a greater role to meet them.
Investments in renewable energy have grown rapidly to reach a record level of $286 billion last year.
This needs to double before the end of this decade to support the Paris climate change goals agreed to last year.
Changing economies have been a deciding factor behind speeding up a renewable energy roll-out.
COP 22 is starting to identify a growing number of projects that will be created simply because they make sense economically.