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There remains, however, much uncertainty about the new administration’s plans to bolster greeninvestment flows and support the development of low-carbon power sources and energy efficiency initiatives. COP27 deadline.
errr …in the present. This means that the entirely predictable and necessary Ratchet-driven call post-2025 for increased policy and significant uplift of global investment into clean energy and clean technology systems must be heeded with a tagline of ’we really mean it this time’.
More positively, she said there was “an absolute wall of money that wants to be deployed” in greeninvestments, visible with developments such as the UK pension funds’ embrace of ESG integration and decarbonisation, and this is being driven by beneficiaries who recognise the risk presented by climate change, and have a long-term orientation.
Nazmeera Moola, Chief Sustainability Officer at South African asset manager Ninety One, highlighted the progress toward the Global Goal on Adaptation (GGA), which should be presented at COP28, but acknowledged that extended timelines provided limited immediate scope to channel private capital into adaptation projects in EMDEs. .
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