I disagree with the thesis in this article by Andrew Stuttaford. However, if we remove the opinion part of the article, he describes the Climate Finance opportunity in amazing detail.
"U.S. Treasury Secretary Janet Yellen on Saturday said that $3 trillion in new capital is required each year to combat climate change...“ the single greatest opportunity of the 21st century,” investors will be fighting to get a slice of the green pie and will need no encouragement from governments before putting this money to work across the globe."
But then he says
"Well, maybe not."
Andrew knows better than the invrestors pouring billions into climate change every month?
"More broadly, much of this $3 trillion a year will presumably be invested (if investors can be found)"
They are being found every day.
[He makes a whole bunch of dumb comments on Climate Industry technology in which he demonstrates his lack of understanding of how the market place encourages technology development and improvement.]
The next really dumb comment:
"But the heaviest opportunity cost will be direct rather than indirect. Some, at least, of the $3 trillion invested in combating climate change will consume money that could have generated a higher return elsewhere."
No two investors are the same, investors choose the risk/reward ratio that works for their personal situation.
Some investors choose high risk projects if there is high reward,
Some investors choose low risk with low rewards.
And the rest choose somewhere in between.
Clearly, Andrew has an axe to grind.
The article implies that Yellen is expecting the 3 Trillion to be spent by the US Government, but in reality, it is investor money creating new projects and new technologies.
He is correct, old technologies will not get investment money, and probably Andrew's friends will be starved for cash.
20% of all GHG emissions are created by moving food from where it's grown to where it's eaten.
Growing food in cities in Indoor Vertical Farms is part of the solution.
Indoor Vertical Farms uses 1% of the space, reduces GHGs and provides food security with vegetables free of pesticides.
Local Grown Salads is launching 200 Indoor Vertical Farms financed by Green Bonds certified to be aligned with the UN SDGs. Investors in the company are expected to obtain a 10x return.
Follow #ZaleTalksGreenBonds for more edge-of-seat content 😃 like this.
https://lnkd.in/eanqSFPk
Tech Entrepreneur • Founder -Earth5R®• Creator- Earth5R App® • TEDx Speaker • Google Playstore Best Apps Winner
3moAni Dasgupta and Ovais Sarmad Absolutely agree on this- mobilizing private capital is critical to making the $2 trillion transition a reality. Alongside financial resources, scalable innovations will be key to driving meaningful change. Tech solutions can ensure every dollar is tracked, maximizing value and creating long-term impact. By engaging communities in the climate economy, we unlock a chain reaction of social and economic benefits that extend beyond immediate results. The work ahead is immense, but with scalable innovations and cross-sector collaboration, we can build a sustainable and resilient future for all!