Finance Stepping Up to Address Climate Change

Neely Gilbert and David Blood, speakers at the TED Countdown Summit, highlight the need for global cooperation to address climate change. They emphasize that the current amount of funds flowing to climate solutions is not nearly enough, particularly in the hard-to-debate sectors and the global south. They identify four fundamental points challenging the finance sector in decarbonizing the global economy: reliance on businesses and entrepreneurs to lead the way, change in public policy and regulation, the need for better evaluation tools for decarbonization, and a shift in the way capital allocation is approached. However, they express optimism, pointing to the $150 trillion committed to net-zero initiatives and the absence of legal barriers to sustainable investments.