For the 26th time, public and private delegates gathered at the UN Climate Change Conference in Glasgow. Despite divided opinions about the conference’s success, one outcome is clear – limiting global temperature increase to 1.5°C will not only require action from all member states, but private capital will need to be mobilised to reach the target.
The OECD estimates that USD 6.9tn a year will be required over the next 15 years to decarbonise existing business models. Private finance is in the spotlight to fund innovation and sustainable technology that can enable the switch to environmentally friendly production models and to help companies realign their business models towards net zero.
You can now read the full whitepaper at the link below