Who Will Pay For Nature? How To Catalyze Private Investment In Sustainability
As more and more world leaders call for action on climate change, a difficult challenge arises: How do we pay for it?
It will take an estimated $5-7 trillion per year over the next 15 years to solve climate change and to meet the other U.N. Sustainable Development Goals (“SDGs”), from ending extreme poverty to ensuring clean water and sanitation for all. That’s a staggering amount of money.
Annual government grants today only punch in at $142.6 billion. Philanthropy produces about $400 billion per year in the U.S., though only a small percentage of this goes to environment or sustainability issues. That leaves a huge financing gap.
Closing that gap is likely the most important thing an environmental CEO like me can focus on.
Article by Mark Tercek, Photo courtesy of Pavel Ahmed.