PricewaterhouseCoopers publishes Climate Principles Progress Review 2011

February 10th, 2011 by Richard Lord

The Climate Group at PricewaterhouseCoopers have published their “Climate Principles Progress Review 2011”.

Mark Kenber is the CEO of The Climate Group.  In the forward to the paper he writes “Mobilizing the finance and investment necessary to transform the way the world produces and consumes energy lies at the heart of the climate policy challenge. In fact, the single most important goal of climate policy should be to create the incentives that shift the way investment decisions are made and capital is allocated away from conventional high carbon technologies, processes and products to leaner, cleaner low carbon alternatives.”

Jon Williams, Partner, Sustainability and Climate Change, PWC writes “… the World Bank estimates the incremental costs of climate mitigation to be US$140-175 billion per annum over the next 20 years – and the fiscal constraints facing many developed country governments, private capital is key.”

Climate Principles Financial Institutions continue to demonstrate climate change leadership and innovation in financial services……. many CPFIs continued to develop and participate in carbon markets. Climate research has also remained a core activity for the adopters.”

For more information please visit the PWC website.

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