Customer Feedback

Fossil Fuel Investment Dwarfs Renewables

A new report published by the Climate Policy Initiative states that low carbon and climate mitigation spending worldwide dropped by £40.6 billion in 2016.

The drop in investment, from record numbers of around £328.7 billion in 2015 has primarily been put down to the continuing fall in the cost of renewable power production.

Record investment levels were seen in 2015, which was driven primarily by significant investment in renewable energy.

Despite the significant investment figures quoted, it is claimed that certain areas are desperately lacking in substantial investment.

Areas such as transport, agriculture, deforestation and water would require combined funds of an estimated £750 billion.

Fossil Fuel Investment

It is claimed that investment involved in fossil fuels is still significantly higher than that of renewable investment at an estimated £620 billion.

A stark figure considering increasing levels of implementation of green governmental policy.

Barbara Buchner, Climate Policy Initiative Executive Director stated: “While our numbers show that a wide range of public and private finance actors are taking advantage of the strong political signal following the Paris Agreement.”

“A broader scale-up of investments across all sectors is critically needed to avoid dangerous climate change.”

Crown Gas & Power are a gas supplier to the commercial world. If you would like more information about our business supply and connection services, request a quote here or get in touch with our team on 0161 762 7744.

Latest from Twitter

Further Reading...

How can we help you?

If you have a question or need some further information please get in touch using one of the options below

Crown Gas & Power
Bury New Road,
Heap Bridge,
Bury
BL9 7HY, UK
Tel: 0161 762 7744

Where to find us...

QUOTE

Contract coming to an end?
Moving to new premises?
GET A QUOTE NOW

Contract coming to an end?
Moving to new premises?

Get a Quote

METER READING

We don’t like billing customers to estimated readings, submit your gas reading now for a more accurate bill.

Submit Meter Reading

LATEST NEWS

Follow Crown Gas and Power on social media and keep up to date with all industry information

Latest News

CONSULTANTS

Are you a consultant looking to work with a transparent gas supplier?

Find out more
Crown Oil

Leading Nationwide Fuels & Lubricants Distributor delivering to homes & businesses

Crown Oil
Speedy Fuels & Lubricants

Fuels & Lubricants Supplier Specialising in Deliveries Across the London Area

Speedy Fuels & Lubricants
Crown Oil Environmental

Crown Oil supply a number of environmental services including fuel oil testing and fuel polishing.

Crown Oil Environmental