Carney says clean energy investments at third of pace needed

Bloomberg

Mark Carney, head of transition investing at Brookfield Asset Management, said investments in clean energy are running at a third the pace that’s required to meet climate goals.
The world isn’t “going far enough or fast enough” to shift to low-carbon fuels, he said in an interview on Bloomberg TV. “We need to up our game.”
The Glasgow Financial Alliance for Net Zero, which Carney co-chairs, says about $100 trillion is needed to meet net-zero emissions goals over the next three decades.
Carney, a former Bank of England Governor, said that while Russia’s invasion of Ukraine boosts demand for fossil fuels and increases near-term emissions, it also forces investors to make medium-term decisions about their energy needs.