A new McKinsey report calls for a climate goal “reset,” citing waning investor enthusiasm for clean energy technologies, including electric vehicles and heat pumps, that are crucial to 2030 climate goals.
The report also singles out offshore wind, carbon capture, clean hydrogen and bio-based fuel technologies as too often failing to reach final investment decision (FID) — the point when investors commit enough money to ensure a project will move forward.
Even solar PV, a highly successful technology, could lose momentum and slow down after 2028, according to the report.
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