Some good points made above about green bonds financing electric car research and manufacturing for the big auto makers like GM, they are forecasting 400,000 electric cars by 2024 but they manufactured almost 3 million cars in 2019 (pre covid figures) . I am sceptical about forecasts by big organisations regarding what they expect to do about the "green transition" .
Afterall it is in their interests to give the most optimistic forecasts regarding this transition as that is what everyone wants to hear. However at the end of all these forecasts there is a "cautionionary note" that they can only be held accountable for historical figures from the past but not for forecasts about the future.
I remember at the beginning of 2020 especially around Davos in January 2020 when Greta Thurnberg was in attendance , there were all these announcements by the huge financial funds like Blackrock and the Norwegian Sovereign fund that they were divesting themselves of their fossil fuel investments, it got big headlines and contributed to the further slump in oil prices back then.
Lo and behold when you google how this divestment is now proceeding
"Blackrock tells UK 'no' to halting investments in coal ,oil and gas"
"Can Norway's $1.3 trillion oil fund actually give up oil"
As the saying goes words are cheap
Afterall it is in their interests to give the most optimistic forecasts regarding this transition as that is what everyone wants to hear. However at the end of all these forecasts there is a "cautionionary note" that they can only be held accountable for historical figures from the past but not for forecasts about the future.
I remember at the beginning of 2020 especially around Davos in January 2020 when Greta Thurnberg was in attendance , there were all these announcements by the huge financial funds like Blackrock and the Norwegian Sovereign fund that they were divesting themselves of their fossil fuel investments, it got big headlines and contributed to the further slump in oil prices back then.
Lo and behold when you google how this divestment is now proceeding
"Blackrock tells UK 'no' to halting investments in coal ,oil and gas"
"Can Norway's $1.3 trillion oil fund actually give up oil"
As the saying goes words are cheap