Business · Companies · 12 hrs ago
Sustainable finance struggles to direct funds toward climate solutions
The seventh Building Bridges event focused on how to expand sustainable finance.
The discussion comes as extreme natural events increase the need to prepare for climate change.
That preparation means helping companies and places where people live adapt to a hotter, less predictable environment.
Participants said that money is available overall.
But it is not reaching projects that offer solutions.
This leaves sustainable finance facing what was described as a chicken-and-egg problem.
The event again highlighted the need to scale up this kind of finance, but the discussion did not specify what happens next.
Sustainable finance is struggling to direct money toward projects that provide climate solutions.
The issue was a central focus of the seventh edition of Building Bridges.
The article says money is not lacking overall, but is not reaching the projects that offer solutions.
As extreme natural events increase, finance is increasingly focused on preparing businesses and communities for a warmer, less predictable climate.
- Who
- Sustainable finance investors and the businesses and communities that need climate adaptation.
- What
- Money is not flowing toward projects that provide climate solutions.
- When
- At the seventh edition of Building Bridges; the event date is not stated.
- Where
- Building Bridges; the location is not stated.
- Why
- Extreme natural events are increasing the need to prepare for a warmer, less predictable climate.
This story does not have two clearly opposing sides.
scaler
The finance event had already been held six times, with scaling sustainable finance a recurring concern.
Building Bridges again focused on the challenge of expanding sustainable finance.
- Event
- Building Bridges
- Edition
- Seventh
- Previous editions
- Six
- Main challenge
- Money is not reaching projects that provide solutions
- Climate concern
- A warmer, less predictable climate
Sources
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