Moving the trillions a debate on positive pricing of mitigation actions by Alfredo Sirkis, Jean Charles Hourcade, Dipak Dasgupta Rogério Studart, Kevin Gallagher, Baptiste Perrissin-Fabert, José Eli da Veiga, Etienne Espagne, Michele Stua and Michel Aglietta.
“By Way of Preface: The Challenge of Moving the Trillions by Alfredo Sirkis
The biggest challenge to achieving low-carbon economies is how to pay for the transition. The solution to this will not come from the UNFCCC process, the Standing Commission for Finance, nor from the protracted negotiations on the provisioning of the Green Climate Fund. Even if the promised US$ 100 billion were to be available by 2020 this would fall quite short of the US$ 3 to 5 trillion/ year (or maybe more) that will be needed to finance the energy and infrastructure transition, extensive reforestation, low-carbon agriculture and other critical mitigation investments. Though these figures are imprecise and need to be fine-tuned, it is now quite well established that we are talking here about trillions, not billions. The challenge therefore is “moving the trillions” towards the low-carbon transition. So where would the trillions come from?…”