Banking Exams Exam  >  Banking Exams Questions  >  According to the IEA's report, what is the ex... Start Learning for Free
According to the IEA's report, what is the expected ratio of investment in clean energy compared to fossil fuels in 2030?
  • a)
    Equal investment in clean energy and fossil fuels
  • b)
    2:1 in favor of clean energy
  • c)
    1:2 in favor of fossil fuels
  • d)
    5:1 in favor of clean energy
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
According to the IEA's report, what is the expected ratio of investmen...
The expected ratio of investment in clean energy compared to fossil fuels in 2030, according to the IEA's report, is 5:1 in favor of clean energy. This means that for every dollar invested in fossil fuels, five dollars will be invested in clean energy.

Reasons for the expected ratio of investment in clean energy compared to fossil fuels in 2030:

1. Transition to a low-carbon economy: The global focus on reducing greenhouse gas emissions and combating climate change has led to an increased emphasis on clean energy sources. Governments, organizations, and investors are recognizing the need to transition away from fossil fuels towards renewable and sustainable energy sources.

2. Falling costs of clean energy technologies: Over the years, the costs of renewable energy technologies such as solar and wind power have significantly declined. This has made clean energy more competitive and attractive to investors. As a result, there is a growing trend of shifting investment towards clean energy projects.

3. Policy support and incentives: Many countries have implemented policies and incentives to promote clean energy investment. These include feed-in tariffs, tax credits, renewable portfolio standards, and carbon pricing mechanisms. Such policies create a favorable environment for clean energy investment and encourage the shift away from fossil fuels.

4. Growing public demand and awareness: There is an increasing awareness among the public about the environmental impacts of fossil fuels and the benefits of clean energy. This has led to a rising demand for renewable energy and a shift in consumer preferences. Investors are responding to this demand by allocating more funds towards clean energy projects.

5. Long-term sustainability and resilience: Clean energy sources such as solar, wind, and hydroelectric power offer long-term sustainability and resilience compared to fossil fuels, which are finite resources. Investors recognize the potential for long-term returns and stability in clean energy investments.

Conclusion:
The expected ratio of investment in clean energy compared to fossil fuels in 2030 is 5:1 in favor of clean energy. This reflects the global shift towards renewable and sustainable energy sources driven by factors such as falling costs, policy support, public demand, and long-term sustainability.
Free Test
Community Answer
According to the IEA's report, what is the expected ratio of investmen...
The World Energy Outlook 2023 report indicates that global investment in clean energy is expected to be nearly five times that of fossil fuels by the year 2030. This trend reflects the world's shift towards sustainable and eco-friendly energy solutions.
Explore Courses for Banking Exams exam

Similar Banking Exams Doubts

According to the IEA's report, what is the expected ratio of investment in clean energy compared to fossil fuels in 2030?a)Equal investment in clean energy and fossil fuelsb)2:1 in favor of clean energyc)1:2 in favor of fossil fuelsd)5:1 in favor of clean energyCorrect answer is option 'D'. Can you explain this answer?
Question Description
According to the IEA's report, what is the expected ratio of investment in clean energy compared to fossil fuels in 2030?a)Equal investment in clean energy and fossil fuelsb)2:1 in favor of clean energyc)1:2 in favor of fossil fuelsd)5:1 in favor of clean energyCorrect answer is option 'D'. Can you explain this answer? for Banking Exams 2024 is part of Banking Exams preparation. The Question and answers have been prepared according to the Banking Exams exam syllabus. Information about According to the IEA's report, what is the expected ratio of investment in clean energy compared to fossil fuels in 2030?a)Equal investment in clean energy and fossil fuelsb)2:1 in favor of clean energyc)1:2 in favor of fossil fuelsd)5:1 in favor of clean energyCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for Banking Exams 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for According to the IEA's report, what is the expected ratio of investment in clean energy compared to fossil fuels in 2030?a)Equal investment in clean energy and fossil fuelsb)2:1 in favor of clean energyc)1:2 in favor of fossil fuelsd)5:1 in favor of clean energyCorrect answer is option 'D'. Can you explain this answer?.
Solutions for According to the IEA's report, what is the expected ratio of investment in clean energy compared to fossil fuels in 2030?a)Equal investment in clean energy and fossil fuelsb)2:1 in favor of clean energyc)1:2 in favor of fossil fuelsd)5:1 in favor of clean energyCorrect answer is option 'D'. Can you explain this answer? in English & in Hindi are available as part of our courses for Banking Exams. Download more important topics, notes, lectures and mock test series for Banking Exams Exam by signing up for free.
Here you can find the meaning of According to the IEA's report, what is the expected ratio of investment in clean energy compared to fossil fuels in 2030?a)Equal investment in clean energy and fossil fuelsb)2:1 in favor of clean energyc)1:2 in favor of fossil fuelsd)5:1 in favor of clean energyCorrect answer is option 'D'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of According to the IEA's report, what is the expected ratio of investment in clean energy compared to fossil fuels in 2030?a)Equal investment in clean energy and fossil fuelsb)2:1 in favor of clean energyc)1:2 in favor of fossil fuelsd)5:1 in favor of clean energyCorrect answer is option 'D'. Can you explain this answer?, a detailed solution for According to the IEA's report, what is the expected ratio of investment in clean energy compared to fossil fuels in 2030?a)Equal investment in clean energy and fossil fuelsb)2:1 in favor of clean energyc)1:2 in favor of fossil fuelsd)5:1 in favor of clean energyCorrect answer is option 'D'. Can you explain this answer? has been provided alongside types of According to the IEA's report, what is the expected ratio of investment in clean energy compared to fossil fuels in 2030?a)Equal investment in clean energy and fossil fuelsb)2:1 in favor of clean energyc)1:2 in favor of fossil fuelsd)5:1 in favor of clean energyCorrect answer is option 'D'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice According to the IEA's report, what is the expected ratio of investment in clean energy compared to fossil fuels in 2030?a)Equal investment in clean energy and fossil fuelsb)2:1 in favor of clean energyc)1:2 in favor of fossil fuelsd)5:1 in favor of clean energyCorrect answer is option 'D'. Can you explain this answer? tests, examples and also practice Banking Exams tests.
Explore Courses for Banking Exams exam

Top Courses for Banking Exams

Explore Courses
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
10M+ students study on EduRev