Experts reckon we need to find about $1tn a year to address environmental sustainability; they call it the “clean trillion”. A trillion dollars sounds a lot, but not so much in comparison to the $225tn represented in capital markets, which in turn represents the savings of millions of people. Investment institutions looking after those savings should be seeking sustainable investment opportunities, to provide the returns needed to pay for pensions and other contingencies. It is difficult to see how we can have financial stability without environmental sustainability.
To read in full this Financial Times article by David Pitt-Watson, co-chair of UNEP FI, click here (requires FT login).