Reasons for global optimism

30 May 2024

Lee Coates draw out some of the highlights from the Global Optimism’s Groundswell team Insights Pack.

The UK’s SDR regime has come in time to support advisers to embrace these opportunities. We urge all advisers and paraplanners to take note and get ahead!

⬆️ Progress is speeding up, not slowing down.The world added 50% more renewable capacity in 2023 than in 2022 and the next five years will see the fastest growth yet. In 2020, 1 in 25 cars sold was an electric vehicle. Last year it was 1 in 5. EV sales are predicted to rise again by 20% this year.

⬆️ Industrial decarbonisation has started. Out of the 700 green industrial plants needed by 2030, 473 have been announced, 42 are starting construction, and 68 are already operational.

⬆️ Countries are getting ahead of the curve. Eight countries – from Namibia to Uruguay to Denmark – have scaled solar and wind faster than the average pace needed globally.

⬆️ Clean energy investment is surging. Investment in clean energy technologies is set to have overtaken fossil fuel investment by nearly 70% last year, with solar investment alone overtaking oil and gas for the first time.

Read the full Global Optimism’s Groundswell Insights Pack HERE.

Main image: Lee Coates presenting at the Professional Paraplanner Investment Committee Seminar.

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