TED Talks Daily
A playbook on financing climate solutions | Nili Gilbert and David Blood
Dec 2, 2023
Discussing the financial challenges of climate change, experts highlight an urgent need for $3 to $4 trillion in annual investments. They explore the pivotal role of the finance sector in facilitating sustainable growth and the shift towards innovative clean energy solutions. The aviation industry's pursuit of sustainable fuel is also examined, emphasizing financial strategies necessary for a decarbonized future. Transformative changes in financial institutions and public policy are deemed essential for integrating climate risks into investment strategies.
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Quick takeaways
- Transformational change is required in the finance sector, businesses, and public policy to effectively decarbonize the economy and allocate sufficient capital to climate solutions.
- Collaboration between the finance sector, science, policy, and engineers is essential to invest in and scale up solutions for hard-to-decarbonize sectors like aviation, cement, steel, and shipping.
Deep dives
The Challenge of Financing Climate Solutions
The podcast episode delves into the slow progress of financial markets in decarbonizing the economy. According to the United Nations, $3-4 trillion annually is required to globally decarbonize the economy by 2050. While funds are being directed towards climate solutions, it is not nearly enough and is not reaching hard-to-decarbonize sectors or the global south. Transformational change is needed in the finance sector, businesses, public policy, and the way capital allocation is perceived.
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