Out of time


If we are to limit climate change to 1.5°C, any investment in fossil fuel generation is at risk of becoming a stranded investment. It should be in the interest of investors and financing agencies alike to avoid such a massive misallocation of human and financial capital.

To have any chance of slowing down climate change, we must unquestionably and unequivocally turn our backs on fossil fuels.

Out of time

Instead, a massive increase in renewables investment must be enabled by a redirection of fossil fuels investment – and a significant part of that redirection will need to go to those countries and regions who will need to expand their electricity generation capacities to enable economic and socio-economic development, and to aid the ‘social transition’.

The speed of fading out this fossil fuels chapter will be key to the climate change story of this decade.

Humanity is waging war on nature. This is suicidal…..It is time to flick the ‘green switch’. We have a chance to not simply reset the world economy but to transform it.

António Guterres

UN Secretary-General


Cost competitiveness: reaching global grid parity