Gaurav Sharma
Hanno Schoklitsch, Chief Executive Officer of Kaiserwetter, said: "We are in a scenario in which renewable energy is already less expensive than conventional energy. From now on, the digital platforms that use the Internet of Things (IoT) and Smart Data will be the next key factor to achieve the objectives of the Paris Climate Agreement and attract more investors. " The decrease in the cost of renewable energy, which is around 80% lower since 2010, for instance, in the photovoltaic solar sector, has occurred for several reasons, he added. "These include technological improvements and the competitive simplicity of renewables, through a broad base of project developers, especially investment funds and banks, optimistic about the unstoppable future of a market whose profitability continues to skyrocket even once the subsidies have ceased, backed by a great social and political support."
The claim follows an assessment by ratings agency Moody's that global green bond issuance is set to eclipse $250 billion in 2018, with this year's growth exceeding the record $155 billion of green bonds issued in 2017.
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