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R estoration c apital w ill become c ore to the c limate n arrative towards the 2025 r atchet , says Julian Poulter, Head of Investor Relations at the Inevitable Policy Response. US$5 trillion in annual greeninvestment , once seen as overly ambitious, may emerge amongst new benchmarks.
The aims of the UN’s Climate Action Pathway for Finance , published in advance of COP26 last year, are nothing if not ambitious. At COP26, the UK government committed to working towards mandatory TCFD-aligned disclosure obligations across the UK economy by 2025.
She described the UK National Infrastructure Bank as “a really good initiative” in this respect, and said this kind of investment could pave the way, providing the proof of concept that would later secure the participation of private investors. So they have the technology to get the transition underway. Putting a price on pollution.
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