Investment emerged as one of focus elements of the second phase of IISD’s work on trade, investment and climate change, a two-year project entitled “Bali to Copenhagen.” It is significant for one of two factors, either because of the potential dangers or because of the promise for positive action in the short or medium term. Whereas this new phase of work represents a continuation of some of the work initiated in the Bali to Copenhagen project, it represents a more intense level of effort, with a different focus. We need to recognize that we are in a different context following the Copenhagen COP in December 2009. For one thing, the research needs have significantly evolved and, for another, we need to move beyond a research focus into the design and implementation of a more holistic strategy of influence and impact.
We see the pressing need for technological transformation to address climate change, to fundamentally change the way we produce, transport, consume and dispose of goods, as an investment problem. How can we ensure that the requisite flows of finance and investment—estimated by the United Nations Framework Convention on Climate Change Secretariat to be well over US$200 billion per year above business as usual by 2030—actually arrive at the pace needed, at the levels needed and in the places where it is needed?
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