E Co. bites: What attracted you to climate finance?
28 August 2020, Category: All insights, E Co. bites, News
Watch our bite-sized and easily digestible video series, sharing our insights and experiences of designing low-carbon, climate-resilient development projects, across the globe. We discuss the who, where, what, why and hows behind successfully obtaining funding from major donors, including the Green Climate Fund (GCF) and Global Environment Facility (GEF).
Transcript
Speaker: Benjamin Bartle
Question: What attracted you to climate finance?
Climate finance is an important and pressing topic globally, and its also my job. When I was studying, there was no such thing as climate finance, I was attracted to various subjects such as geography, finance and economics, environmental management and development studies, combined, these covered various aspects of climate change, the drivers of greenhouse gas emissions, climate vulnerabilities and the needs of developing countries, but none really drew these factors together.
When you combine them all together and think about the nexus of sustainability where environment, economy and humans interact, that’s the real crux and it is super interesting – trying to understand what the issues are on the ground and designing appropriate interventions, for example, to remove systemic barriers to establishing markets for renewable energy and energy efficiency products or services, creating enabling environments to adapt to the effects of climate change, mobilising private sector capital and financial markets to combat something they have effectively caused, That’s what I’m super passionate about.
What’s important now is the design of efficient and effective climate finance. As climate-related risks increase dramatically across the globe and financial crisis limit the economic resources that governments and the private sector are willing to pool to financially support mitigation and resilience to climate change, spending money in a wise and sustainable manner becomes a crucial and pressing issue for stakeholders. I believe that when it comes to getting it right, that requires a real deeper level of thinking.
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