US Presidential Envoy for Climate John Kerry speaks to UAE's Minister of Energy and Industry Suhail al-Mazrouei, at the opening session of the Atlantic Council Global Energy Forum, in the capital Abu Dhabi in January
to engage on climate change. I’ve heard the argument from him time and again over the last couple of years: tackling climate change will require not only governments but also private capital and private-sector initiative.
In our conversation, Kerry said that the key to getting private climate finance rests in finding ways for investors to profit. “Money behaves in certain ways. It always has. It always will. It seeks the greatest return on investment, the fastest return on investment, or the best combination of the two,” he says. “The bottom line: is the deal bankable?”
The goal of accelerating blended finance has won support from across the climate community, but the money has nonetheless come slowly. Areleased last month from Convergence found that last year dollars flowing through blended finance deals hit a ten-year low at a time when it needs to accelerate. Finance, of course, is just one part of the private sector’s role in the climate talks. Kerry noted that “some people have retreated” from their private sector climate commitments in the last few years, largely the result of inflation and pressure from shareholders. Still, he maintained that “responsible” firms are charging ahead. “They may not talk about it as much, they may not be pushing, but they're doing,” he says.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Europe's Wind Energy Giants Brace For Massive Losses And Writedownswind energy giants rsted A/S and Siemens Energy are facing billions of euros in losses and writedowns as their wind energy businesses continue to deteriorate
Read more »
Big Brother's Kerry wants to quit her NHS job for a new TV roleBig Brother evictee Kerry Riches has said she is hoping to land a new TV role instead of going back to her NHS job - and would love to be a Loose Woman, saying 'I need a job'.
Read more »
Big Brother’s Kerry shares thoughts on Dylan following blazing Trish row and OOFTBig Brother star Kerry Riches has weighed in on THAT blazing Dylan Tennant and Trish Balusa row. Read more at heatworld.com.
Read more »
Big Brother’s Kerry Riches exposes TRUTH behind Paul and Olivia’s relationshipBig Brother’s Kerry Riches has exposed the truth behind Olivia Young's relationship with Paul Blackburn and we're confused. More on heatworld.
Read more »
Kerry Riches opens up about her secret connection in the house and we NEVER saw thisKerry Riches tells heatworld about the secret connection she had in the house and we never saw this on screen. Read more at heatworld.com.
Read more »