Driving finance to the green infrastructure we need - to future-proof our economies, creating growth and energy security - doesn't come down to commitments. Capital will flow where it generates attractive risk-adjusted returns - fossil fuels continue to present such an opportunity over the short-term to the world’s financial institutions. Banks want to lend to commercially viable projects, irrespective of the seismic political shifts happening all around them. As the #WorldEconomicForum convenes this week in #Davos, I'm looking forward to sharing the work we've done at the Green Finance Institute to develop financial models to accelerate the green transition and how public private partnerships can be scaled to create investable opportunities globally. Read more in my Sustainable Views opinion piece below 👇
"Green finance cannot be viewed as a cyclical trend," writes Dr Rhian-Mari Thomas OBE chief executive of the Green Finance Institute and chair of the National Wealth Fund Taskforce in an op ed for Sustainable Views. "Leading financial institutions have quit the world’s largest climate coalition and boardrooms are increasingly turning their attention to the opportunities presented by artificial intelligence, as though the need to redirect capital to achieve climate goals is last year’s fad," she says. "We are entering a new era of global politics and technological advancement with all its resulting unpredictability, but there are still prevailing certainties. The climate challenge remains existential, and the need for capital is significant." Read more below. #greenfinance #climatefinance #climatechange https://lnkd.in/eXjHVgkk
Strategic sustainability leader | Driving value through strategy | Commercial pragmatist
2moCouldn’t agree more (as usual), Rhian-Mari Thomas OBE.