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Large, private sector energy customers wanting to buy more renewable energy are already driving change in electricity markets by scaling up clean power delivered through the grid. More renewables in countries’ power grids will accelerate progress toward emissions-reduction targets put forth in Paris.

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Just 10 years ago, many corporate executives wouldn’t even say the words “climate change.” Now, hundreds are taking action by setting internal prices on carbon, adopting science-based emissions targets and signing climate action pledges.

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WRI President and CEO Andrew Steer answers the question: Is it possible to enjoy rising levels of prosperity and also enjoy clean air, pure water, green spaces and uncongested, livable cities?

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Making the transition to a low-carbon, climate-resilient economy is going to take a lot of investment, and the limited budgets of the public sector can’t tackle it alone.

But by targeting their support, governments can create incentives for significant private investment into climate activities; in other words, they can “mobilize” private investment.

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China’s outward foreign direct investment (OFDI) has been increasing dramatically. During the 2008-2009 financial crisis, global foreign direct investment (FDI) decreased by 40%, whereas China’s OFDI increased by 8% (UNCTAD, 2013).

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