Skip to main content Accessibility help
×
Hostname: page-component-78c5997874-g7gxr Total loading time: 0 Render date: 2024-11-03T00:28:34.053Z Has data issue: false hasContentIssue false

2 - Public Meets Private

Sustainable Finance for a Sustainable Economy

Published online by Cambridge University Press:  30 October 2020

Paul G. Fisher
Affiliation:
University of Cambridge
Get access

Summary

Mobilising capital for a sustainable economy requires action on two fronts. Current capital allocation must be shifted from an unsustainable pathway to a sustainable one and the investment gap must be filled to ensure that sustainable economy objectives are achieved; this includes fulfilment of the Paris Agreement on Climate Change and the UN Sustainable Development Goals. This chapter focuses on the latter issue: filling the investment gap. Primarily, it focuses on the example of tackling the climate change challenge, although these ideas can be applied to the wider environmental and social agendas too. It discusses how to: understand and articulate investment needs; adapt market arrangements using policy to encourage investment; improve the efficacy with which public finance crowds in private finance; and ensure impact through positive real economy outcomes. Throughout the chapter, real-world examples of the 'policy prescriptions' are offered to turn theory into practice.

Type
Chapter
Information
Publisher: Cambridge University Press
Print publication year: 2020

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

References

Asian Development Bank (2019), ‘AIIB to Develop Infrastructure as an Asset Class and Catalyze ESG Investing Principles in Emerging Asia’. www.aiib.org/en/news-events/news/2019/20190109_001.html.Google Scholar
BEIS – Department for Business, Education and Skills (2019), ‘Contracts for Difference’, Policy Paper, updated January. www.gov.uk/government/publications/contracts-for-difference/contract-for-difference.Google Scholar
CarbonBrief (2019), ‘Analysis: Record Low Price for UK Offshore Wind Cheaper Than Existing Gas Plants by 2023’. www.carbonbrief.org/analysis-record-low-uk-offshore-wind-cheaper-than-existing-gas-plants-by-2023.Google Scholar
Department for Energy and Climate Change (2012), ‘Principles for Investment Grade Policy and Projects’, Corporate Report, June. www.gov.uk/government/publications/principles-for-investment-grade-policy-and-projects.Google Scholar
European Commission (2017a), ‘Financing Sustainability: Triggering Investments for the Clean Economy’, European Political Strategy Centre, Policy Note, June. www.ec.europa.eu/epsc/sites/epsc/files/strategic_note_issue_25.pdf.Google Scholar
European Commission (2017b), ‘Interim Report of the High-Level Expert Group on Sustainable Finance’. www.ec.europa.eu/info/publications/170713-sustainable-finance-report_en.Google Scholar
European Commission (2018a), ‘Final Report of the High-Level Expert Group on Sustainable Finance’, Brussels, January. https://ec.europa.eu/info/publications/180308-action-plan-sustainable-growth_en.Google Scholar
(The) Green Investment Bank Commission (2010), ‘Unlocking Investment to Deliver Britain’s Low Carbon Future’. www.e3g.org/docs/Unlocking_investment_to_deliver_Britains_low_carbon_future_-_Green_Investment_Bank_Commission_Report_June_2010.pdf.Google Scholar
(The) New Climate Economy (2014), ‘Better Growth, Better Climate: The Synthesis Report’, The Global Commission on the Economy and Climate, Washington. https://newclimateeconomy.report/2016/wp-content/uploads/sites/2/2014/08/BetterGrowth-BetterClimate_NCE_Synthesis-Report_web.pdf.Google Scholar
Ofgem (2010), ‘Project Discovery: Options for Delivering Secure and Sustainable Energy Supplies’. www.ofgem.gov.uk/ofgem-publications/40354/projectdiscoveryfebcondocfinalpdf.Google Scholar
REN21 (2019), ‘Renewables Global Status Report’. www.ren21.net/gsr-2019.Google Scholar
United Nations Secretary General (2019), ‘Roadmap for Financing the 2030 Agenda for Sustainable Development 2019–2021’, United Nations, Washington. www.un.org/sustainabledevelopment/wp-content/uploads/2019/07/UN-SG-Roadmap-Financing-the-SDGs-July-2019.pdf.Google Scholar
Zhao, F. (2015), ‘China’s Great Unconnected Wind Reserve’, Energy World, December, pp. 24–25. www.fticonsulting.com/~/media/Files/us-files/intelligence/intelligence-events/energy-world--fti-article.pdf.Google Scholar

Save book to Kindle

To save this book to your Kindle, first ensure [email protected] is added to your Approved Personal Document E-mail List under your Personal Document Settings on the Manage Your Content and Devices page of your Amazon account. Then enter the ‘name’ part of your Kindle email address below. Find out more about saving to your Kindle.

Note you can select to save to either the @free.kindle.com or @kindle.com variations. ‘@free.kindle.com’ emails are free but can only be saved to your device when it is connected to wi-fi. ‘@kindle.com’ emails can be delivered even when you are not connected to wi-fi, but note that service fees apply.

Find out more about the Kindle Personal Document Service.

Available formats
×

Save book to Dropbox

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Dropbox.

Available formats
×

Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

Available formats
×