At the beginning of 2019, I watched the “climate change” business. My main concern was how the photovoltaic and wind sectors could replace conventional energy sources (coal, gas, and nuclear). So, I want to note myself to look at the article in The Economist.

As the article has stated clearly, the costs for megawatt-hour generated are going down. Even in recent years, the progress has been slowing.

On December 2nd, at the annual un climate summit being held in Dubai, 118 countries pledged to increase their combined renewable-energy capacity to 11,000 gigawatts (gw) by 2030, up from 3,400gw last year, as part of their decarbonisation efforts. That will require adding some 1,000gw a year, three times what the world managed last year. For this to happen, renewables must once again look like a business to bet on.

The Economist, 2023/12/04 – The renewables business faces a make-or-break moment

These are significant numbers. We can see two sides of the coin here – one is interest rates are making financing giant projects very challenging, and the second is that the producers are not keeping pace with the climate summit efforts. This makes me sceptical about grasping any climate summit goals within a realistic reach. Next year, I will comprehensively analyse the producers and the infrastructure investors to identify some opportunities for my portfolio.