The need for climate finance Jedi
The world needs trillions of dollars in investments to slow down climate change and fulfill the objectives of the Paris Agreement, but simply throwing money at the problem will not be enough. To harness the force of climate finance, it needs to be made with a just transition in mind
From FORESIGHT Climate & Energy, Watt Matters is a podcast all about the energy transition and the shift to a decarbonised economy
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Private capital investments are crucial to close the financing ‘gap’ in the global race to net-zero emissions.
The world’s major economies and their financial institutions are taking different approaches to mobilise climate finance. The European Parliament has just endorsed the inclusion of gas and nuclear investments as “green” in the EU’s taxonomy regulation for sustainable investments. We discuss the implications of this decision for global markets and whether a taxonomy is the best approach to mobilise climate finance in the first place.
In this episode, we are joined by Marilyn Waite, head of the Climate Finance Fund, focusing on mobilising capital for climate solutions. We take a look at the EU taxonomy, but also dive into how other major economies are addressing this challenge and the need to have a ‘JEDI’ (justice, equity, diversity, and inclusion) lens into climate finance.
Marilyn has previously managed the climate and clean energy finance portfolio at the William and Flora Hewlett Foundation, led the energy practice at Village Capital, modelled and forecasted energy solutions to climate change as a Senior Research Fellow at Project Drawdown and managed innovation projects at French energy company AREVA (now Orano and Framatome).
Listen and subscribe to Watt Matters wherever you get podcasts. Follow us on Twitter at @WattMattersPod or email us at show@wattmatterspodcast.com
Illustration: Masha Krasnova-Shabaeva. Art director: Trine Natskår.
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