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Despite the United States’ controversial exit from the Paris Climate Agreement, renewable energy capacity has increased more than any other technology and clean energy has never before been in higher demand. Kaiserwetter, an international service provider for renewable asset management, urges the international community in the context of COP23 to continue to make progress from the COP21 and COP22 advances in the global efforts to stop global warming. Our core message is that the renewable energy transition is only possible with the help of digitalization. Digitalization enables investors in the energy sector to maximize the return on investment and to minimize the risk of their renewable energy investments.RENEWABLE ENERGY IS KEY IN THE FIGHT AGAINST CLIMATE CHANGEThe depletion of fossil fuels and the socio-environmental degeneration that they cause has sparked the need for a profound energy revolution. The energy sector is in a necessary state of transformation that opens up a large potential for investment. Since the 1990s, the clean energy sector as a whole has continued to grow year on year, a positive trend which contrasts with other energy sources like coal and nuclear in the electricity generation sector. In fact, investment in renewables is even on the rise in two of the most prolific polluters on the planet; investments increased by almost 20 per cent from 2014 to 2015 in the United States, a figure surpassed only by China. The active expansion of renewable energy is the only way to achieve international commitments. The rise of renewables is not only beneficial to the environment, but also the economy, with a recent industry study demonstrating that global GDP would increase by over 1 per cent to about US$1.3 trillion if the market share of renewables were doubled by 20301. However, this will only be possible if renewable energy investors can rely on investment security, professional risk management, and standardized portfolio management for their assets, from anywhere and at any time. To do this, all we need is the internet and the capability to analyze smart data. INVESTMENT IN RENEWABLES IS FUNDAMENTAL The influence of the major market players has shifted following the commitments adopted by the international community since the Paris Agreement HANNO SCHOKLITSCH, CEO, KAISERWETTERDIGITALIZATION OF THE ENERGY SECTOR WILL COMBAT CLIMATE CHANGEReferences1 Renewable Energy Benefits: Measuring the Economics by IRENA (International Renewable Agency)040 SUSTAINABLE ENERGY