Grapevine

By Phys
Sep 25, 2024

Report sets out three overlooked opportunities to fund net zero transition

Governments, regulators and global financial institutions are overlooking major opportunities to unlock the estimated US$9.2 trillion worth of financing needed each year to fund the net zero transition, new research suggests.

To deliver the funding, a recent report from King's College London argues for an urgent focus on three key areas of the financial system:

Governments should engage with the new forms of partnerships between banks and other financial institutions that free up their lending capabilities;

Multilateral development banks should make more use of their balance sheets to attract private sector funding through blended finance;

Regulators should develop global carbon markets with a focus on integrating national emissions trading systems and enhancing trust in voluntary markets.