By Will Bugler
In this episode of Acclimatise Conversations on Climate Change Adaptation, we speak with Stacy Swann, CEO of Climate Finance Advisors, a Washington DC-based firm that works specifically on climate finance and specialises in blending public and private finance to catalyse climate change investment. We learn how blended finance can help to boost investment in climate resilience projects, providing private investors with a multi-trillion dollar investment opportunity.
The world’s infrastructure is in need of an upgrade. Our changing climate means that existing and new infrastructure needs to be climate resilient. The OECD estimate that US$ 70 trillion of infrastructure investment is needed by 2030, just to maintain current levels of GDP growth.
As well as investing in climate resilient infrastructure, we also need to build infrastructure for resilience – that is the flood walls, early warning systems and ecosystems that will protect us from the impacts of climate change. But these investments require large amounts of capital to be mobilised quickly. Finding sufficient money to invest in projects that are vitally important but that may be riskier is difficult.
So how can ‘blended finance’ help to bridge the gaping infrastructure investment gap?