In recent decades the cost of wind and solar power generation has dropped dramatically. This is one reason that the U.S. Department of Energy projects that renewable energy will be the fastest-growing U.S. energy source through 2050.

A group of the UK’s top pension funds have thrown their weight behind driving the net zero transition in emerging markets today, as pressure grows on pension schemes to decarbonise their investments. The funds, which represent £400bn in assets under management and over 18m members, have been convened by the Church of England Pensions Board to draw up a plan to help fuel a net zero transition in emerging economies.