Updated: Dec 12, 2022
According to IRENA's 2021 publication World Energy Transitions Outlook: 1.5°C Pathway, countries worldwide can meet the Paris Agreement of 1.5°C by the year 2050. More importantly, this can be done with existing technologies and emerging solutions.
Who is IRENA?
IRENA (the International Renewable Energy Agency) is at the forefront of bringing global energy system change by promoting renewable energy, such as bioenergy, geothermal, hydropower, ocean, solar, and wind. Through supplying tools and services such as renewable energy cost studies, technology briefs, and capacity statistics, IRENA helps the 180 actively engaged countries reach their renewable energy potential.
The following infographic is a breakdown of the data presented by IRENA in their World Energy Transitions Outlook: 1.5°C Pathway preview. The figures provide insight into how impact investing affects large, CO2-emitting sectors, how investments should be distributed, and how much energy transition investments need to be increased.
You can read more about IRENA's findings here.
If you want to learn more about sustainable investments, join the Bloom community. We have an upcoming array of events where you can learn how to make a positive impact on your finances. Or download our Bloom Impact Investing app to start your impact investing journey.
Net Zero by 2050 Achieved with Investments
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Do you want your money to work for not against nature? Then download the Bloom app and start using your investments to fight climate change.
Don't forget, you can also join the Bloom community if you want to learn more about sustainable investing We have an upcoming array of events where you can learn how to make a positive impact on your finances.
The information on this website is prepared by Bloom Impact Investment Services Pty Ltd (ACN 651 965 098 AR 001294778), who is an authorised representative of Cache Investment Management Pty Ltd (ACN 624 306 430 AFSL 514 360) (Cache). Bloom’s financial products are issued by Melbourne Securities Corporation Limited (ACN 160 326 545 AFSL 428 289), as disclosed in the relevant PDS. All information provided in this article is general information only and does not take into account your personal circumstances, financial situation or needs. Before making a financial decision, you should read the relevant product disclosure statement and target market determination consider whether the product is right for you and whether you should obtain advice from a professional financial adviser.