Sattva Consulting’s Post

View organization page for Sattva Consulting, graphic

96,980 followers

#NetZero Transition with Dr. Avinash Persaud: Rethinking #ClimateFinance and #EmbracingInclusive #Sustainable Solutions Dr. Avinash Persaud is an authority on Climate Finance with expertise in finance, policy, and academia. Formerly at GAM, State Street, J.P. Morgan, and UBS, he advises governments on financial policy. He chaired the UN and Warwick Commissions on financial reform, was a visiting scholar to the IMF and the European Central Bank, and is a speaker at several G20 convenings across the world. We recently engaged in a pivotal discussion on fast-tracking our transition to net-zero emissions, focusing on inclusivity. We explored innovative financial mechanisms to support fossil fuel-reliant regions and the key milestones towards Net Zero. Corporates' role in fostering an inclusive, climate-conscious future stood out prominently. Dr. Avinash Persaud emphasised a reimagined, ambitious, yet pragmatic finance system. With the global south's $2.4 trillion annual requirement for sustainable growth, he deconstructed the solution into three categories: 1️⃣ Primary Bucket: Projects like solar farms that generate revenue. The need? Amplifying private sector investments in developing countries. 2️⃣ Secondary Bucket: Initiatives, such as flood defences, that yield future savings. He urged MDBs to prioritise lending to climate-sensitive nations. 3️⃣ Tertiary Bucket: Addressing post-climatic event damages, demanding augmented grant funds, and innovative emission-centric taxes. We are grateful for Dr. Persaud's insights, which emphasises the collective effort required to preserve our planet. Meera Harish | Shrutee Ganguly #ClimateFinance #NetZeroFuture 🌍

  • No alternative text description for this image

To view or add a comment, sign in

Explore topics