How do you transform an entire economy?' The firm taking on the climate funding problem

A growing number of governments, including of every Australian state, Britain and the European Union, have set targets of net-zero greenhouse gas emissions by 2050. Few have mapped how to get there.

Martijn Wilder, a former Baker & McKenzie
 lawyer turned founding partner of
Pollination Capital Partners, whose aims
including redirecting capital that has been
committed but not to climate solutions.

It is a similar story in the corporate sector. Businesses are under increasing pressure from investors and shareholders to back up claims they are committed to the goals of the Paris agreement. Take BHP, one of the world’s 20 big emitters: it has set a mid-century net-zero emissions target but is yet explain how it will reach it, and plans to invest more in oil and gas than climate solutions.

Martijn Wilder, long-time head of Baker & McKenzie’s global climate law and sustainable-finance practice and a founding board member of the Clean Energy Finance Corporation, has seen up close the divide between the decision-making that goes into setting targets and establishing rules at United Nations climate talks and that drives spending decisions. Having moved in both diplomatic and investment circles, he found people in each who wanted to tackle the climate crisis but had little comprehension of how the other worked.

Read the story from The Guardian by Adam Morton - “‘How do you transform an entire economy?' The firm taking on the climate funding problem.”