Climate Connect: Navigating Clean Technology and the Energy Transition
While the funding gap for a successful energy transition is significant and troublesome, we believe the launch of new, comprehensive climate policies at the national and regional levels will help unlock more public funding to begin to bridge the gap.
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The IJ LATAM conference reinforced our commitment to driving clean energy solutions throughout the Americas. The synergies discovered and the relationships forged will undoubtedly play a crucial role in our future energy investments in the region.
One of the biggest limitations to EV rollout is the inability to achieve competitive pricing. This is also an area in which China is doing better than its competitors, with the median price of an EV in China standing at around 10% higher than a conventional car, compared to between 45% and 50% higher in other major markets.
While we are still in the transition phase away from fossil fuels to renewable alternatives, particularly in heavy industries such as manufacturing, companies can reduce their carbon emissions using CCS technologies.
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Setting national decarbonization and environmental protection targets can help to encourage private actors to establish objectives in line with these targets. And making national targets competitive at the global level can help accelerate the race to green.
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