In order to limit global warming to 2°C and avoid the worst effects of climate change, the world needs to invest an additional $36 trillion in clean energy—an average of $1 trillion per year for the next 36 years.
Ceres is calling this clean energy investment gap the Clean Trillion. Closing this gap will be a tremendous challenge, but it is possible if businesses, investors and policymakers join forces.
Businesses can help reach the Clean Trillion by investing in clean energy solutions throughout their supply chains. Review Ceres’ corporate sustainability benchmarking report, Roadmap for Sustainability, to check the progress many companies are already making to:
- Reduce greenhouse gas emissions by 25% by 2020
- Improve the energy efficiency of operations by at least 50% by 2020
- Reduce electricity demand by at least 15% by 2020
- Obtain at least 30% of energy from renewable sources by 2020
Businesses also play a critical role in closing the clean energy investment gap by supporting policies that expand investment in clean energy.
- See the principles that members of Business for Innovative Climate & Energy Policy are advocating for in the development of U.S. energy and climate policy
Investors can continue to accelerate the transition to a clean energy economy, helping to reach the Clean Trillion by:
- Managing climate risks in their portfolios. Learn more about investors’ Carbon Asset Risk Initiative
- Investing in clean energy opportunities that offer competitive risk-adjusted returns across asset classes
- Engaging with companies to improve their practices on clean energy and climate change. Check which issues have been included in shareholder resolutions filed by investors
- Supporting policies that expand investment in clean energy
For detailed recommendations related to clean energy investment, download Ceres’ paper Investing in the Clean Trillion.
Policymakers should level the playing field by adopting policies that accelerate and expand investment in clean energy. Companies and investors should advocate for:
- Policies that stimulate investment in energy efficiency, renewable energy and clean transportation
- Policies that put a limit & price on greenhouse gas emissions
- A new global climate change agreement by 2015
More than 700 global companies have signed the Climate Declaration, calling for national action on climate change.