E Co. bites: How do you expect the work we do to change in the next 5 years?
9 December 2022, Category: All insights, E Co. bites, Tags: climate change, climate finance, project design, sustainable development
In five years’ time, climate finance may be a very different world to the one we know today. Here’s how Grant Ballard-Tremeer expects our work to change.
As we’ve seen from developments at COP27, such as the announcement of a Loss and Damage Fund, movement on defining the New Collective Quantified Goal (NCQG), and the announcement of the Bridgetown Initiative (amongst other news), the nature of climate finance can quickly change from one state of affairs to another.
So we have to ask the question, ‘Climate finance in five years-what will it look like?’. We spoke to our CEO, Dr. Grant Ballard-Tremeer, to find out what he thinks about this and how our work here at E Co. is likely to change.
What do you think climate finance will look like in the future? Let us know in the comments below.
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We hope that climate finance will increasingly become mainstream finance. Frankly, this has to happen for us to have any hope of keeping the mean temperature rise below the global target of 1.5 degrees centigrade since trillions of dollars need to be mobilised to address this climate crisis.
The world can mobilise behind a common goal, as we have seen through the pandemic, but this needs to be sustained over the long term and focused on reducing emissions and improving resilience. I think that increasingly at E Co. we will support governments to make structural changes to their economies and we will support the private sector to structure their climate investments and access finance to allow this to happen.
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