Analysis and
Environment
It is vital that we clean up our energy sources and shift away from fossil fuels, but rising interest rates mean green energy projects are becoming more expensive and risk being cancelled
By Madeleine Cuff
Vital green energy projects could stall as the cost of financing them has increased
Abstract Aerial Art/Digital Vision/Getty Images
The world’s green energy transition, which is essential to achieving net-zero emissions and halting climate change, is under threat, as a financial era of rising interest rates has made some projects, like new offshore wind farms, unaffordable. Estimates suggest that Europe must now find an additional €163 billion to reach net zero by 2050, with figures likely to be similar elsewhere in the world.
Over the past 15 years, interest rates have been unusually low, making cheap …
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