Climate Resilient Institutional Investments and Finance
The incorporation of Environmental, Social, and Governance criteria in investment portfolios is one of the most promising trends of our times and needs to be strongly encouraged. Trillions of dollars will flow to more responsible investments as ESG becomes the norm. At the top of the ESG list is an increasing recognition of the opportunities for massive investments in clean, renewable energy. The IPCC makes clear that mitigation of climate change will require an unprecedented flow of capital into clean energy technologies. At the same time, the GCCR is hearing from communities, cities, states, and countries who are reeling from the rising costs of disasters associated with climate change.
The GCCR believes that it is imperative that ESG investment criteria include climate resilient policies and actions. Responsible investing should reduce the carbon footprint as well as fund those behaviors and actions that increase climate resilience.