{"id":2890,"date":"2023-11-22T09:06:50","date_gmt":"2023-11-22T02:06:50","guid":{"rendered":"https:\/\/gunungcapital.com\/?p=2890"},"modified":"2023-11-22T09:06:55","modified_gmt":"2023-11-22T02:06:55","slug":"significance-of-finance-in-energy-transformation","status":"publish","type":"post","link":"https:\/\/gunungcapital.com\/zh\/significance-of-finance-in-energy-transformation\/","title":{"rendered":"Significance of Finance in Energy Transformation"},"content":{"rendered":"<div data-elementor-type=\"wp-post\" data-elementor-id=\"2890\" class=\"elementor elementor-2890\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-425bb25 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"425bb25\" data-element_type=\"section\" data-settings=\"{&quot;jet_parallax_layout_list&quot;:[]}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-3c3df01\" data-id=\"3c3df01\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-575d122 elementor-widget elementor-widget-text-editor\" data-id=\"575d122\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.16.0 - 14-09-2023 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<p><span style=\"font-weight: 400;\">The 2015 Paris Agreement culminated in a global goal to contain global warming to lower than 2\u00b0C (ideally to 1.5\u00b0C). An international alliance of pioneers\u00a0from the energy sector \u2013 the Energy Transitions Commission (ETC) \u2013 has announced that the global carbon footprint must be pared by at least 40% by 2030 (compared to 2022) to attain net zero by 2050 and limit global warming to 1.5\u00b0C. Considering the increasing release of greenhouse gases into the atmosphere, countries will find it challenging to pool the funds required for mitigating the risks tied to rising global temperature and other natural calamities. Global warming will likely have a substantial impact on the economies and communities around the world. Therefore, many nations and businesses are dedicating efforts towards achieving net zero by the middle of this century. This is not possible without addressing alarming signs and prudently managing financial flow in the global economy.<\/span><\/p><p><span style=\"font-weight: 400;\">\u00a0<\/span><span style=\"font-weight: 400;\">Economic guidelines and steps taken by the financial industry play a pivotal role in energy transition. They, however, vary by nation (high-income, middle-income, and low-income), depending on their relative capacity in mobilizing finances. There are two main channels through which financial players circulate money in an economy \u2013 capital investments and grants and concessions.\u00a0<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-18ba00d elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"18ba00d\" data-element_type=\"section\" data-settings=\"{&quot;jet_parallax_layout_list&quot;:[]}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-1546dc3\" data-id=\"1546dc3\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-42d3e0e elementor-widget elementor-widget-image\" data-id=\"42d3e0e\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.16.0 - 14-09-2023 *\/\n.elementor-widget-image{text-align:center}.elementor-widget-image a{display:inline-block}.elementor-widget-image a img[src$=\".svg\"]{width:48px}.elementor-widget-image img{vertical-align:middle;display:inline-block}<\/style>\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"651\" height=\"467\" src=\"https:\/\/gunungcapital.com\/wp-content\/uploads\/2023\/11\/Screenshot-2023-11-22-083900.png\" class=\"attachment-large size-large wp-image-2891\" alt=\"\" srcset=\"https:\/\/gunungcapital.com\/wp-content\/uploads\/2023\/11\/Screenshot-2023-11-22-083900.png 651w, https:\/\/gunungcapital.com\/wp-content\/uploads\/2023\/11\/Screenshot-2023-11-22-083900-300x215.png 300w, https:\/\/gunungcapital.com\/wp-content\/uploads\/2023\/11\/Screenshot-2023-11-22-083900-18x12.png 18w\" sizes=\"(max-width: 651px) 100vw, 651px\" title=\"\">\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-751839f elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"751839f\" data-element_type=\"section\" data-settings=\"{&quot;jet_parallax_layout_list&quot;:[]}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-6f89746\" data-id=\"6f89746\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-69107c9 elementor-widget elementor-widget-text-editor\" data-id=\"69107c9\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Grants and concessions:<\/span><span style=\"font-weight: 400;\"> Grants and concessional payments are offered as incentives to key players of an economy to encourage them to adopt measures for which they lack financial motivation such as payoff or profit. These payments support the decarbonisation efforts of low- and medium-income economies by helping them achieve their three main goals: forest conservation, closure of coal stations and elimination of greenhouse gases from the environment. By 2030, around $300 billion of concessional payments and grants are required for the achievement of the above-mentioned objectives. Such financial aid is expected through emission trading, charitable contributions and intergovernmental advancements.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-9e1c984 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"9e1c984\" data-element_type=\"section\" data-settings=\"{&quot;jet_parallax_layout_list&quot;:[]}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-0b191e8\" data-id=\"0b191e8\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-c9a2bdb elementor-widget elementor-widget-image\" data-id=\"c9a2bdb\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"800\" height=\"361\" src=\"https:\/\/gunungcapital.com\/wp-content\/uploads\/2023\/11\/Screenshot-2023-11-22-083936-1-1024x462.png\" class=\"attachment-large size-large wp-image-2893\" alt=\"\" srcset=\"https:\/\/gunungcapital.com\/wp-content\/uploads\/2023\/11\/Screenshot-2023-11-22-083936-1-1024x462.png 1024w, https:\/\/gunungcapital.com\/wp-content\/uploads\/2023\/11\/Screenshot-2023-11-22-083936-1-300x135.png 300w, https:\/\/gunungcapital.com\/wp-content\/uploads\/2023\/11\/Screenshot-2023-11-22-083936-1-768x347.png 768w, https:\/\/gunungcapital.com\/wp-content\/uploads\/2023\/11\/Screenshot-2023-11-22-083936-1-18x8.png 18w, https:\/\/gunungcapital.com\/wp-content\/uploads\/2023\/11\/Screenshot-2023-11-22-083936-1.png 1028w\" sizes=\"(max-width: 800px) 100vw, 800px\" title=\"\">\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-c611a27 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"c611a27\" data-element_type=\"section\" data-settings=\"{&quot;jet_parallax_layout_list&quot;:[]}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-0e73155\" data-id=\"0e73155\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-63fa905 elementor-widget elementor-widget-text-editor\" data-id=\"63fa905\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Currently, adequate cash is available worldwide to finance the necessary investments, but nations with lower incomes are unable to afford these finances.\u00a0 When considering the anticipated reduction in fossil fuel investments over the coming 30 years, a mean total investment of $3 trillion annually in energy transition corresponds to approximately 1.3% of the forecast worldwide GDP. Even though there was no necessity to create a carbon-free economy, around one-third of the $3 trillion will be needed for economic development and diversification of the power industry in low-income nations. The correct allocation and use of capital investments and grants &amp; and concessions would not only support the growth of a country but also turn out as efficient resources in making Earth a carbon-free planet.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t<\/div>","protected":false},"excerpt":{"rendered":"<p>The 2015 Paris Agreement culminated in a global goal to contain global warming to lower than 2\u00b0C (ideally to 1.5\u00b0C). An international alliance of pioneers\u00a0from the energy sector \u2013 the Energy Transitions Commission (ETC) \u2013 has announced that the global carbon footprint must be pared by at least 40% by 2030 (compared to 2022) to [&hellip;]<\/p>","protected":false},"author":1,"featured_media":2900,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15],"tags":[],"_links":{"self":[{"href":"https:\/\/gunungcapital.com\/zh\/wp-json\/wp\/v2\/posts\/2890"}],"collection":[{"href":"https:\/\/gunungcapital.com\/zh\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gunungcapital.com\/zh\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gunungcapital.com\/zh\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/gunungcapital.com\/zh\/wp-json\/wp\/v2\/comments?post=2890"}],"version-history":[{"count":10,"href":"https:\/\/gunungcapital.com\/zh\/wp-json\/wp\/v2\/posts\/2890\/revisions"}],"predecessor-version":[{"id":2904,"href":"https:\/\/gunungcapital.com\/zh\/wp-json\/wp\/v2\/posts\/2890\/revisions\/2904"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/gunungcapital.com\/zh\/wp-json\/wp\/v2\/media\/2900"}],"wp:attachment":[{"href":"https:\/\/gunungcapital.com\/zh\/wp-json\/wp\/v2\/media?parent=2890"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gunungcapital.com\/zh\/wp-json\/wp\/v2\/categories?post=2890"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gunungcapital.com\/zh\/wp-json\/wp\/v2\/tags?post=2890"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}