Global finance requires a sea change to save the planet. This climate expert explains how

Author Brennan Doherty
Dominic Hofstetter, former director of capital and investments for Europe’s main climate finance initiative, unpacks transformational capital as a way of creating structural change

Why It Matters

The global financial system is ill-equipped for the systemic change required to weather the climate crisis. Canadian philanthropy must consider ways of investing in complementary projects that produce not only fiscal returns, but also long-term resilience and community benefits.

var TRINITY_TTS_WP_CONFIG = {"cleanText":"Global finance requires a sea change to save the planet. This climate expert explains how. 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\u2019t 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?\u00a0 Dominic Hofstetter, the director of capital and investments at EIT Climate-KIC \u2014 Europe\u2019s largest climate innovation initiative \u2014 suggests in an expansive whitepaper that traditional banks and financial institutions aren\u2019t set

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