2nd APWF Webinar: Climate Change, Sustainable Development and Investors: More Risks, More Opportunities through better Governance
Date & Time
7th October 2020 14:00 to 15:00 (JST).
The Speaker of 2nd APWF Webinar
Mr. Howard Bamsey, Chair of Global Water Partnership (GWP)
Climate Change, Sustainable Development and Investors: More Risks, More Opportunities through better Governance
The world can deal with the potentially catastrophic risks of climate change only by changing the pattern of investment in the global economy to climate-friendly activity. But to do that, a different set of risks have to be addressed, the risks perceived by investors to be inevitable in new technologies and new geographies, often in both at the same time. Increased transparency of climate risks and the gradual greening of the global financial system are helpful trends. Blended finance, using relatively risk-tolerant public funds to pave the way for risk-averse private funds is important but is not yet available in sufficient volume even when robust returns are in promise in emissions mitigation activity such as renewable energy. In the climate adaptation task, critical for most developing countries, investment is lagging badly. Improved governance, particularly in water resource management, the pillar of adaptation, is essential for increasing both public and private investment. The Global Water Partnership provides a tried and effective model for strong governance of water resources, enhanced water security and a platform for successful adaptation.
The views expressed are personal and do not necessarily reflect the views or policies of GWP