By Nina Chestney
LONDON Dec 13 (Reuters) – Over 190 countries secured
a last-ditch deal on Sunday to save the planet from global
warming, which should legally bind developed and developing
countries to greenhouse gas emissions cuts.
Negotiations for the new deal will start next year, and it
should be signed by 2015 at the latest, but the commitments will
not take effect until after 2020.
Below are key questions for low-carbon energy investors.
Q. Will the deal boost low-carbon investment?
A. Not in the short term.
While a new legally binding deal is being worked out by
politicians, investments in renewable energy sources such as
wind and solar power will still be affected by the wider
economic climate, which has made it difficult to raise capital.
“It is better than nothing but will not open floodgates and
allow vast amounts to be invested in next few years,” said
Richard Nourse, managing partner at renewable energy investment
fund Novusmodus.
Continued…
