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High-quality carbon credits can help attract private capital to fund clean energy tech: GenZero, IEA report

Jovi Ho
Jovi Ho • 5 min read
High-quality carbon credits can help attract private capital to fund clean energy tech: GenZero, IEA report
By the early 2030s, annual investment of US$4.5 trillion will be needed to accelerate deployment across all clean energy technologies and infrastructure, up from US$1.8 trillion in 2023. Photo: Bloomberg
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High-quality carbon credits can have a role to play in accelerating the transition to clean energy and scaling up solutions like low-emissions hydrogen, sustainable aviation fuel (SAF) and direct air capture and storage (DACS), according to a new joint report by GenZero and the International Energy Agency (IEA). 

 

Titled “The Role of Carbon Credits in Scaling Up Innovative Clean Energy Technologies”, the 71-page report estimates that by the early 2030s, annual investment of US$4.5 trillion will be needed to accelerate deployment across all clean energy technologies and infrastructure, up from US$1.8 trillion in 2023.

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