Conference emphasizes potential for international collaboration
Widespread use of green technology could maintain global emissions at manageable levels by 2020 and stabilize temperature increases below 2 degrees Celsius. But in order to achieve these global goals, the level of investment in the clean tech revolution needs to be triple what it is now.
While it isn't clear where these long-term investments will come from, the US and China will certainly play leadership roles in scaling up green finance. The two economies complement each other in striking ways. The US is strong in innovation and China in pilot testing and manufacturing. The US has expertise in innovative financing while China has massive cash reserves. Coordinating efforts to scale green finance represents an opportunity that has barely been tapped to date.
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