By Nannette Lindenberg, writing on The Broker Online:
“The High-level Panel (HLP) report proposes a green transformation. However, the knowledge needed to achieve this is not yet available. We must therefore implement a universal agenda to create knowledge about mobilizing green finance – not only now, but also for 2015 and beyond.
What does a ‘green transformation’ entail? First, huge investments in green infrastructure are necessary. Estimations of actual financing needs vary, but in most cases, amount to an annual USD 1 to 2 trillion for the upcoming years. As industrialized countries are confronted with depressing budget constraints, it seems clear that public budgets alone will not meet the challenge.”
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