The pace of renewable energy investments has gained momentum over the past decade. According to the International Energy Agency (IEA) World Energy Investment 2023 report, $2.8 trillion will be invested this year in energy, including fossil fuels, with almost 61% dedicated to clean energy. Meet investor Ben Wolkon, a founding partner at MUUS Climate Partners. The firm invests to accelerate renewable energy adoption and to create clean technologies. Now that renewables have crossed the chasm and entered the scale-up phase, we wanted to get a read on how to make more progress faster because the nation is still not on track to cut emissions by 50% before 2030.
The IEA reports that for each $1 spent on fossil fuel development, $1.7 is invested in clean energy. Five years ago, the ratio…