Most G20 countries including several of emerging countries enhanced their conditions for investments in low-carbon energy in the past year. Nonetheless, more renewable energy investments have to be undertaken in order to meet the Paris climate targets. In addition, the G20 would need to develop and implement more ambitious, consistent and transparent long-term strategies to improve the investment climate for renewable energies. These are the key findings of the Allianz Climate and Energy Monitor 2018, published today.
For the third year, Allianz, Germanwatch and NewClimate Institute examined the investment climate and investments made for renewable energy in all G20 countries. “The development of the renewable energy sector is crucial for meeting the climate goals of the Paris Agreement,“ says Katharina Latif, Head of Corporate Responsibility of Allianz Group. “These challenges can only be tackled by joint efforts of engaged governments, companies and civil society.”