Power, Transport and Finance need just three key pivots to create the impetus for a 1.5-degree world

Electricity generation and transportation collectively account for 40% of global emissions. Financing the transition in these two key sectors would need

  • Moving capital out of high-carbon activities by through mandatory climate risk disclosure
  • Taking climate considerations into financial decision making
  • Incentivising green finance instruments

The two sectors would need to pivot in the following ways:

Energy pivots need to include

  • Increasing energy efficiency in buildings, homes and cities
  • Using renewable energy sources (solar and wind)
  • Substituting fossil fuel-generated with renewables

Transport pivots need to include

  • Scaling up Electric Vehicles
  • Expanding and scaling battery storage solutions
  • Helping the transport sector generate and use green energy