Authors
Anna Singer, Xavier de Souza Briggs, Manann Donoghoe, Adie Tomer, Jenny Schuetz, Riki Fujii-Rajani, Eve Devens, Joseph W. Kane, Sanjay Patnaik
Related Organizations
- Acknowledgements and disclosures
- This research series was made possible by an incredible group of colleagues within and outside the Brookings Institution. The authors would especially like to thank Samantha Gross, Alan Berube, and the over 30 external experts who provided guidance and input throughout the project. The authors also would like to thank Carie Muscatello for her web and print design and the rest of the Brookings Metro communications team for their support. Funding for this research was provided by HSBC Bank USA, N.A. The program is also grateful to the Metropolitan Council, a network of business, civic, and philanthropic leaders that provides both financial and intellectual support to the program. The views expressed in this report are solely those of its authors and do not represent the views of the donors, their officers, or employees.
- Pages
- 12
- Published in
- United States of America
Files
Table of Contents
- End notes 51
- Introduction 4
- Defining climate investment and climate equity 6
- Key equity considerations for climate investments 7
- Understanding ways in which prevailing and future investments can influence climate equity 12
- Why is private-led investment falling short? 17
- Information challenges 20
- Pain point 1: Climate accounting is immature 20
- Pain point 2: The current information environment disadvantages small actors 22
- Pain point 3: Limited government capacity incentivizes negative outcomes 26
- Pricing challenges 28
- Pain point 4: Climate-related benefits and costs are underpriced, particularly due to a lack of established cost-of-carbon metrics or similar measures 28
- Pain point 5: Current financing models often prefer GHG-emitting projects that use established technologies 32
- Pain point 6: Insurers, communities, and other partners are not yet capturing revenue streams to accelerate adaptation projects 33
- Governance challenges 35
- Pain point 7: Fragmented political authority over projects often leads to clashes, creating uncertainty among private investors 36
- Pain point 8: Public debates have struggled to balance the need for new climate investments with the ongoing demands to finance established economic activities where clean technologies are not yet available 36
- Pain point 9: Political timelines—whether related to election results or terms of office—often misalign with project delivery timelines 40
- Conclusion 43
- Appendix A: Glossary 44
- Appendix B: Additional climate investment context 46
- Appendix C: The major economic sectors 49
- Acknowledgements 61
