Suryaa Business Desk: Adequate capital is available to invest globally in environmental protection and climate change mitigation, but the right... The European Capital Markets Institute (ECMI) has revealed in a recent report that there is enough capital available to invest globally in environmental protection and climate change prevention, but the desired results are not coming due to lack of proper policies. While the private sector is stepping up to mobilize the huge funds needed to tackle global warming, experts believe that lack of clear and long-term regulatory policies on the part of governments has become a major obstacle.
The report emphasized the need for massive funding for green energy and renewable projects to achieve international environmental goals. However, due to the lack of clarity in the regulations followed by the governments of various countries, industry sources claim that investors are holding back from coming forward. Analysts are clear that private capital can be fully leveraged only if there are clear tax incentives, simplified laws and transparent operations on environment-friendly investments.
As the impact of climate change continues to intensify, the time has come for governments and financial institutions to come together to create a robust policy framework. Experts strongly believe that if the policy hurdles are removed, billions of dollars of investments can flow into the green financing sector, thereby speeding up the achievement of the Sustainable Development Goals.