{"id":76847,"date":"2023-04-05T02:00:31","date_gmt":"2023-04-05T02:00:31","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2023\/04\/05\/the-world-needs-usd-tns-for-green-transition-where-could-it-go\/"},"modified":"2023-04-05T02:00:31","modified_gmt":"2023-04-05T02:00:31","slug":"the-world-needs-usd-tns-for-green-transition-where-could-it-go","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2023\/04\/05\/the-world-needs-usd-tns-for-green-transition-where-could-it-go\/","title":{"rendered":"The world needs USD tns for green transition. Where could it go?"},"content":{"rendered":"

Where do the big bucks for green transition go?<\/strong> Tns of USD needed for the green transition globally would require joint efforts from both the private and public sectors and some areas of the green transition will draw in more funding, CNBC<\/a> reports, citing asset managers. Global head of Macquarie Asset Management\u2019s Green Investment Group Mark Dooley sees a large portion of the investments going towards transmission grids with a growing appetite for new technologies related to energy transition, including electric vehicles. \u201cIt\u2019s a tall order, but the feeling that we have, the experience we have, is that the investor appetite to be part of this transition is enormous,\u201d Dooley said. Clean energy investments need to reach over USD 4 tn by 2030, according to the International Energy Agency, while the International Renewable Energy Agency puts the number at USD 44 tn by 2030 if the world stays on track towards the 1.5 degrees global warming goal.<\/p>\n

Miners look beyond China:<\/strong> Growing interest in the processing of energy transition metals outside China is being triggered by growing geopolitical conflicts and chances of industrial decoupling, one of Asia\u2019s leading hedge funds Tribeca Investment Partners told Bloomberg<\/a>. Portfolio Manager John Stover said miners will look into appending processing capacity along large deposits with a move downstream. \u201cIt\u2019s just supply chain 101, you don\u2019t want to be concentrated in an area where you have doubts about the future in one way or another,\u201d partner at Tribeca Capital Scott Clements said. \u201cGeopolitically, it\u2019s pushing people to do that and governments are throwing money at it,\u201d Clements added.<\/p>\n

OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-<\/strong><\/p>\n