To activate climate hope, activate capital

The war in Ukraine has delayed the global fight against climate change but there are still reasons for optimism. Co-operation among policymakers, regulators, and investors can unlock global capital markets’ vast potential and accelerate the development of affordable clean technologies.

Cop27 underscored the need to leverage public policy, regulation, and technological innovation to achieve a climate-secure future. Photo: AP/Peter Dejong

The atmosphere at the end of last month’s United Nations Climate Change Conference (Cop27) in Egypt was rather sobering. 

Russia’s invasion of Ukraine has forced countries to turn to thermal coal and other fossil fuels to meet their energy needs, likely postponing the transition to a net-zero economy. But Cop27 also underscored the need to leverage public policy, regulation, and technological innovation to achieve a climate-secure future.