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As governments face fiscal constraints, oil and gas firms must help finance the transition to green energy

Giulia Fantini Orcid Logo, Nader Virk

Swansea University Author: Giulia Fantini Orcid Logo

Abstract

The green energy transition risks stagnating. Despite governmental and corporate pledges, only 20 per cent of total investments in 2015 were allocated to renewables. A major roadblock is that government finances are stretched thin globally. Nader Virk and Giulia Fantini write that the shift towards...

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Published: London School of Economics, LSE Business Review Blog 2024
Online Access: https://blogs.lse.ac.uk/businessreview/2024/03/20/as-governments-face-fiscal-constraints-oil-and-gas-firms-must-help-finance-the-transition-to-green-energy/
URI: https://cronfa.swan.ac.uk/Record/cronfa67065
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first_indexed 2024-07-16T15:23:15Z
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spelling v2 67065 2024-07-11 As governments face fiscal constraints, oil and gas firms must help finance the transition to green energy 290e83934e79a0a29aec6575e0f82262 0000-0001-6923-0929 Giulia Fantini Giulia Fantini true false 2024-07-11 CBAE The green energy transition risks stagnating. Despite governmental and corporate pledges, only 20 per cent of total investments in 2015 were allocated to renewables. A major roadblock is that government finances are stretched thin globally. Nader Virk and Giulia Fantini write that the shift towards green energy generation, transmission and distribution primarily hinges on investments by oil and gas firms and financing by the financial services sector. Website Content London School of Economics, LSE Business Review Blog Economics , Finance, Sustainability, Green Energy 20 3 2024 2024-03-20 https://blogs.lse.ac.uk/businessreview/2024/03/20/as-governments-face-fiscal-constraints-oil-and-gas-firms-must-help-finance-the-transition-to-green-energy/ LSE Blog Post COLLEGE NANME Management School COLLEGE CODE CBAE Swansea University Not Required 2024-07-16T16:36:58.5910177 2024-07-11T09:44:00.1756113 Faculty of Humanities and Social Sciences School of Management - Business Management Giulia Fantini 0000-0001-6923-0929 1 Nader Virk 2
title As governments face fiscal constraints, oil and gas firms must help finance the transition to green energy
spellingShingle As governments face fiscal constraints, oil and gas firms must help finance the transition to green energy
Giulia Fantini
title_short As governments face fiscal constraints, oil and gas firms must help finance the transition to green energy
title_full As governments face fiscal constraints, oil and gas firms must help finance the transition to green energy
title_fullStr As governments face fiscal constraints, oil and gas firms must help finance the transition to green energy
title_full_unstemmed As governments face fiscal constraints, oil and gas firms must help finance the transition to green energy
title_sort As governments face fiscal constraints, oil and gas firms must help finance the transition to green energy
author_id_str_mv 290e83934e79a0a29aec6575e0f82262
author_id_fullname_str_mv 290e83934e79a0a29aec6575e0f82262_***_Giulia Fantini
author Giulia Fantini
author2 Giulia Fantini
Nader Virk
format Website Content
publishDate 2024
institution Swansea University
publisher London School of Economics, LSE Business Review Blog
college_str Faculty of Humanities and Social Sciences
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hierarchy_top_id facultyofhumanitiesandsocialsciences
hierarchy_top_title Faculty of Humanities and Social Sciences
hierarchy_parent_id facultyofhumanitiesandsocialsciences
hierarchy_parent_title Faculty of Humanities and Social Sciences
department_str School of Management - Business Management{{{_:::_}}}Faculty of Humanities and Social Sciences{{{_:::_}}}School of Management - Business Management
url https://blogs.lse.ac.uk/businessreview/2024/03/20/as-governments-face-fiscal-constraints-oil-and-gas-firms-must-help-finance-the-transition-to-green-energy/
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description The green energy transition risks stagnating. Despite governmental and corporate pledges, only 20 per cent of total investments in 2015 were allocated to renewables. A major roadblock is that government finances are stretched thin globally. Nader Virk and Giulia Fantini write that the shift towards green energy generation, transmission and distribution primarily hinges on investments by oil and gas firms and financing by the financial services sector.
published_date 2024-03-20T16:36:57Z
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