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THU4.1: Financing the green transformation: opportunities and challenges ahead
Session organised by GSDP & IRGP
Financing the green transformation: opportunities and challenges ahead
Today we have compelling evidence of the need to find new ways to ensure ecologically and economically resilient and sustainable societies. A green transformation strategy offers the opportunity to address the current financial and economic crisis by turning sufficient amounts of financial capital into entrepreneurial investment. Transforming the cities, businesses, energy systems and homes so as to increase welfare while reducing damages to the environment is a need in the face of shortage of resources. However, given the scale of the finance required, combined with tightening fiscal constraints in most industrialized countries, the ability to leverage significant private investment is crucial. However, due to a lack of business cases and a range of perceived risks, such investment is currently not being attracted into green infrastructure projects.