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As governments face fiscal constraints, oil and gas firms must help finance the transition to green energy
Giulia Fantini 
,
Nader Virk
,
Nader Virk
Swansea University Author:
Giulia Fantini
Abstract
The green energy transition risks stagnating. Despite governmental and corporate pledges, only 20 per cent of total investments in 2015 were allocated to renewables. A major roadblock is that government finances are stretched thin globally. Nader Virk and Giulia Fantini write that the shift towards...
| Published: |
London School of Economics, LSE Business Review Blog
2024
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| Online Access: |
https://blogs.lse.ac.uk/businessreview/2024/03/20/as-governments-face-fiscal-constraints-oil-and-gas-firms-must-help-finance-the-transition-to-green-energy/ |
| URI: | https://cronfa.swan.ac.uk/Record/cronfa67065 |
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| Abstract: |
The green energy transition risks stagnating. Despite governmental and corporate pledges, only 20 per cent of total investments in 2015 were allocated to renewables. A major roadblock is that government finances are stretched thin globally. Nader Virk and Giulia Fantini write that the shift towards green energy generation, transmission and distribution primarily hinges on investments by oil and gas firms and financing by the financial services sector. |
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| Item Description: |
LSE Blog Post |
| Keywords: |
Economics , Finance, Sustainability, Green Energy |
| College: |
Faculty of Humanities and Social Sciences |