Public and Private Finance Needed to Bridge ‘Action Gap’ – Stockholm+50

New relationships with nature and new approaches to living – backed by increased public and private sector investment – are needed to address the planetary crisis and extreme inequality, according to a report marking the fiftieth anniversary of the first UN Conference on the Environment, held in Stockholm. Blaming an ‘action gap’, rather than an absence of policy solutions, the Stockholm Environment Institute report calls for “transformative action” to today’s economic systems. “To bridge the technology gap between rich and poor countries we need a new paradigm of ‘co-development of technology’, particularly in critical areas of clean energy, health, and sustainable agriculture,” said the report, emphasising the need to increase public funding of “sustainability-orientated innovation systems”. As well as encouraging private investors to enhance their role in bringing innovation to market, the report also called for new solutions to increase investment in sustainable infrastructure in emerging markets. “Creating multi-risk, multi-country hedging platforms can lower the cost of capital and crowd in more private and institutional investment,” it said.

To Top
Newsletter SignupReceive all the latest stories from the ESG Investor editorial team

Subscribe to our free weekly newsletter below and never miss a story.