Funds for a transition to a green and a sustainable economy

28/05/2011 / Kaj

Since then the green growth agenda has gained support from a large amount of the world’s leading businesses, while the climate skeptic part of the business world is still on the defensive. Nonetheless, there is frustration in the green part of the business world that the UN process has not been able to produce the political results, at the COP15 in Copenhagen or later on, that has been able to give the business community security in the coming years’ or decades’ framework conditions for the green growth.

Today Mr. de Boer continues to work on strengthening the business community’s involvement and influence on climate policy and the green growth agenda. At the moment he is focused on two important events: COP17 in South Africa in December this year and the global summit on sustainable growth, which is to be held in Rio de Janeiro in June 2012. With regards to the COP process Mr. de Boer is especially occupied with the enormous Green Climate Fund which was established at the COP15. The Green Climate Fund will channel over 100 billion dollars annually into climate investments.

The fund is thought to be key in the transition to a green and sustainable economy. The developing countries in particular will, according to Mr. de Boer, have to relate to the fact that the funds, to a great extent will come from private investors instead of the treasuries of the world’s richest countries.

“Today the national development aid worldwide constitutes 80 billion dollars annually. It is an illusion to think that you on top of that can secure 100 billion dollars in public contributions to the green fund” says Mr. de Boer

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