The world of renewables this week

Bank of America said this week it will commit a further $300 billion by 2030 to low-carbon and sustainable business activities, taking the bank’s total investments up to $445 billion since 2007. It says there is not enough capital out there to meet the challenges. Bank of America has already deployed $126 billion over the past twelve years in support of environmental business initiatives worldwide. It is also one of the biggest investors in the fossil fuel energy sector, so it’s hedging its bets. A group of university researchers have made the bold claim that investments in renewables will automatically offer investors a better ROI (Return on Investment) than the best carbon capture technologies. Their combined article from University researchers…