Where Will All This Money Come From?
Charles III meets with Mohammed bin Zayed Al Nahyan President of the United Arab Emirates at a bilateral meeting at Expo City in Dubai, during the Cop28 summit on November 30, 2023 in Dubai, United Arab Emirates. The King is visiting Dubai to attend COP28 UAE, the United Nation's Climate Change Conference. (Photo by Andrew Matthews - Pool/Getty Images)Getty Images
As the UN convenes its COP28 Conference in Dubai amid the conclusion of another year during which the global community used record amounts of coal, oil and natural gas, concerns are mounting about the future direction and prospects for success of the energy transition.
Much of the concern centers on the rising cost of capital and whether the world can even afford the stunning price tag of the transition. Cost estimates range ...