UN climate chief: Global financial institutions really need to start tripling their renewable-energy investment, stat « Hot Air: "Uncertainty isn’t exactly a condition that encourages robust investment, and unfortunately for the renewable technologies these globalist-minded bureaucrats claim to favor, 2013 was one long year of retrenchment for several of the European countries that had been enthusiastically trying their darndest to artificially create favorable market conditions for renewables via government “investment,” subsidization, and forced infrastructure transitions. Spain, Germany, and the European Commission have all been furiously hitting the breaks on further distorting their energy markets with overly ambitious top-down policies as energy prices have skyrocketed — and arbitrary investment goals based on political goals rather than practicality is not going to help these technologies achieve the price efficiency that could actually turn them into viable options in the long run."
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