Clean energy solutions have consistently become more cost-effective and have been deployed more quickly than nearly every forecast has predicted. And now, the pace of the energy transition is becoming unstoppable.
Commercial businesses and financial institutions are stepping up in a big way to address the climate crisis. According to the Rocky Mountain Institute (RMI), 27 financial institutions that control more than $31 trillion in assets have signed sectoral decarbonization agreements, and the founding members of RMI’s Center for Climate-Aligned Finance have committed more than $4.3 trillion to finance the energy transition.
RMI has also stepped up by continuing to focus on energy efficiency, driving the electricity system to rapid decarbonization, supporting the move toward electrification in cars and buildings, and supporting the global shift to low carbon in heavy industries across the world.