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Henry Paulson raises the issue of Green Finance in the NY Times - and gets blowback
Originally Posted on September 21, 2016
Henry Paulson is, formerly, Treasury secretary and chief executive of Goldman Sachs
He posted an opinion in the Times yesterday titled, How to Raise Trillions for Green Investments. Catches the eye, right?
The article is here: http://www.nytimes.com/2016/09/20/opinion/how-to-raise-trillions-for-green-investments.html
and starts with this:
SAVING our planet from the worst effects of climate change won’t be cheap. A new report from the United Nations says that the world will need to mobilize $90 trillion in public and private capital over the next 15 years.
The key he goes on to say is use public policy to create the environment that makes private invetment in sustainable solutions appealing.
His case study is China which "has taken important steps in this direction and has declared green finance a 'strategic imperative.' ”
The bottom line, the full investment we need to make exceeds the capacity for governments to go this alone.
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One thing jumps to mind: how do we keep the financial rewards from going right to the top point 1 %?
The Opinion piece itself is recommended reading.
A scan of the 252 comments, even more so. They range from "he's a scoundrel", to "alright then, how do we get this done" and everything in between.
It's a window on the conversations we all need to be having, if we are to save the world.
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I'm not at all sure the details of Henry Paulson's vision or plan is THE solution. But I do buy the premise that policies that create big, really big, thriving markets for sustainable solutions could be just the ticket.
Circling back:
SAVING our planet from the worst effects of climate change won’t be cheap
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