How Is KR 10.1 Tracking?
Governments can speed climate action through loan guarantees, tax credits, and grants for zero-emissions technologies.
Globally, these incentives need to be expanded from $128 billion to at least $600 billion annually.
The money for this key result is already being spent on subsidies for incumbent fossil fuel companies. Diverting it to green energy will be politically fraught. But if governments can eliminate financial subsidies for fossil fuels and shift those dollars to renewables, the KR can be paid in full.
Data for KR 10.1 on financial incentives for renewable energy is sourced from IRENA.