LatAm in Focus: Who Will Foot the Bill for Climate Adaptation?
LatAm in Focus: Who Will Foot the Bill for Climate Adaptation?
The UN’s Juan Carlos Monterrey Gómez and Marsh McLennan’s Amy Barnes explain how the public and private sector are funding a green economic transition.
|
|
This point was also emphasized by Head of Climate and Sustainability Strategy at Marsh McLennan Amy Barnes, who detailed the conditions that the private sector is looking for to invest in the green transition. She said that certainty is key; companies want to ensure that their investments are respected and profitable. One sector where this certainty exists is renewable energy. “We know the economics of those projects work…We’re very confident and comfortable about the operation of those assets,” she said.
But Barnes said that increasingly, profit is only one factor motivating the private sector. “They would say that the sacred cow or what was sacrosanct in their investment plans is their commitment to decarbonization,” she said. This sea change toward values-based investment is helping shepherd large financial commitments to green projects and decarbonization.
Subscribe to Latin America in Focus, AS/COA's podcast focusing on the latest trends in politics, economics, and culture throughout the Americas.
