Un Climate Change
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Financing for Climate Friendly Investment | Narrated by Nicholas Stern
Posted
December 12, 2016
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4:55Now PlayingGiven our planet’s growing environmental and resource challenges, the imperative for shifting development onto a more sustainable pathway is increasingly clear. Innovation is playing a key role in unlocking financial resources for climate change initiatives, resulting in greater institutional capacity to fund activities that promote low-carbon growth and highly resilient communities.
This video is narrated by Nicholas Stern, IG Patel Professor of Economics and Government, London School of Economics. It tells the story of the winners of the 2016 Momentum for Change Financing for Climate Friendly Investment category:
• Crowdfunding for Community Solar Projects | The Netherlands: The largest crowdfunding platform in the EU for community solar projects, offering solar companies a platform to source investments for their projects.
• Gothenburg Green Bonds | Sweden: The Swedish city of Gothenburg was the world’s first city to issue a green bond to borrow money for investments that benefit the environment and the climate.
• Off Grid Electric | Tanzania & U.S.A: This project provides accessible and affordable solar systems to homes and businesses connected to an expensive and unreliable grid, or to those who have no grid access at all.
• Revenue-Neutral Carbon Tax | Canada: British Columbia is home to North America’s first revenue-neutral carbon tax, covering more than 70% of the province’s emissions. Every dollar generated by the carbon tax is returned to British Columbians in the form of personal and business tax measures, making it revenue-neutral.
Learn more about each of the Financing for Climate Friendly Investment winners here
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