Humanity will require capital to successfully transition through climate change. A lot of it. Despite the lofty goals of global superpowers, the international financial community, and major philanthropists, there isn’t enough at the moment. According to the United Nations, the gap between urgent climate action and the funds needed to sustain it are roughly $2.5 trillion every year. Where does that money come from?
Dominic Hofstetter, the director of capital and investments at EIT Climate-KIC — Europe’s largest climate innovation initiative — suggests in an expansive whitepaper that traditional banks and financial institutions aren’t set up to fill that gap. In
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