But when we look at financing flows, whether in capital markets or bank finance, we see they are mostly directed towards large and often carbon-intensive companies – companies perceived as having low credit risk. The energy transition, however, hinges on successful technological innovations.
According to a recent report by the International Energy Agency , and I quote: “most of the global reductions in CO2 emissions between now and 2030 in the net zero pathway come from technologies readily available today.