Over the past 20 years — well before the recent U.N. Climate Summit in New York — reports have been written, conferences held and committees formed looking for ways to avoid catastrophic climate change. Yet the international community has made little progress as it tries to control global warming emissions.
With public spending on clean energy actually in decline (it dropped 20% from 2011 to 2013, according to Bloomberg New Energy Finance) many have decided that the time has come to look past the limited budgets and political paralysis of national governments and engage the private sector in the struggle to fund the world’s transition to a low carbon economy. Read full story.