There will be an asset shift away from fossil fuels to the tune of US$920 billion over the next 10 years, according to a survey of global institutional investors that represent US$5.9 trillion under management.
Clean energy investor Octopus Renewables revealed, in its report The Great Transition: Opening the Renewables Floodgate, that institutional investors intend to divest 15.6% of their portfolios from fossil fuels over the next decade – with renewable energy infrastructure set to benefit amid plans to ramp up allocations there instead.
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