U.S. Alliance for Sustainable Finance forms to drive investment in clean energy and climate resilience projects
Author: Bloomberg, Published on: 10 December 2018
"Today, during the inaugural Sustainable Finance Week in New York, Bloomberg announced the formation of the U.S. Alliance for Sustainable Finance (USASF), convening 15 founding members to drive investment in clean energy and climate resilience projects across the U.S. The alliance will provide the resources and expertise to identify and streamline existing climate-finance initiatives, encourage greater transparency across climate-related financial risks and opportunities, and ultimately, drive more capital to sustainable investments...
...Research indicates a sevenfold increase in global clean energy investment — $2.4T annually versus the current investment levels of $333.5B as estimated by BloombergNEF — is needed to limit the most devastating effects of climate change. USASF member organizations will work together to help direct and increase climate-related financing, simultaneously growing the U.S. economy and supporting the reduction of greenhouse gas emissions..."
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