Green financing gaining “unstoppable momentum” | News | Eco-Business | Asia Pacific

More money than ever is being invested in projects that build climate resilience in communities and cities around the world. The global agreement to be inked in Paris this week should give climate financing another boost.

More than US$391 billion was invested in 2014 in climate projects, a 26 per cent jump from 2013. Most of the money was for projects surrounding renewable energy, energy efficiency and sustainable transport. Image: Shutterstock
By Jean Chua
Thursday 10 December 2015
With more money than ever before invested in low carbon and climate resilience projects, there is “unstoppable” momentum for green financing in helping the world cope with the effects of climate change, experts said on Wednesday.

Speaking at a panel held at the sidelines of the United Nations climate change talks in Paris, Barbara Buchner, senior director of U.S. think tank Climate Policy Initiative, noted that more than US$391 billion was invested in 2014 in climate projects, a 18 per cent jump from 2013.

Most of the money was for projects surrounding renewable energy, energy efficiency and sustainable transport, she added.

But while this is a huge amount, it still falls short of what is needed to help vulnerable regions and countries cope with the effects of climate change.

via Green financing gaining "unstoppable momentum" | News | Eco-Business | Asia Pacific.

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