{"title":"Climate Finance: Progress, Challenges, and Opportunities on the Path to a Sustainable Planet","authors":"Laura D. Tyson, Daniel Weiss","doi":"10.1177/00081256241296902","DOIUrl":null,"url":null,"abstract":"Net zero by 2050 requires significant capital deployment through innovative climate finance and supportive policies. Policymakers and capital markets face the challenge of generating returns, driving economic growth, and ensuring sustainability. The International Energy Agency (IEA) estimates existing technologies can achieve 80% of the emissions reductions needed by 2030, but mobilizing capital to finance them at scale is crucial. This article explores how U.S. and European public and private capital markets are innovating to fund investments to drive the transition to net-zero and demonstrates the importance of policies and public-private partnerships to stimulate the necessary investments.","PeriodicalId":9605,"journal":{"name":"California Management Review","volume":"53 1","pages":""},"PeriodicalIF":6.3000,"publicationDate":"2025-02-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"California Management Review","FirstCategoryId":"91","ListUrlMain":"https://doi.org/10.1177/00081256241296902","RegionNum":2,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"BUSINESS","Score":null,"Total":0}
引用次数: 0
Abstract
Net zero by 2050 requires significant capital deployment through innovative climate finance and supportive policies. Policymakers and capital markets face the challenge of generating returns, driving economic growth, and ensuring sustainability. The International Energy Agency (IEA) estimates existing technologies can achieve 80% of the emissions reductions needed by 2030, but mobilizing capital to finance them at scale is crucial. This article explores how U.S. and European public and private capital markets are innovating to fund investments to drive the transition to net-zero and demonstrates the importance of policies and public-private partnerships to stimulate the necessary investments.
期刊介绍:
California Management Review (CMR) serves as a vital link between academia and management practice, offering leading-edge research with practical applications. Edited at UC Berkeley’s Haas School of Business, CMR covers a wide range of management topics, including innovation, strategy, sustainable practices, and human resources. CMR ranks among the top management journals globally, distributing articles through outlets like Harvard Business School Publishing and SAGE Publishing. Focused on bridging academia and practice, CMR ensures that all articles are based on rigorous academic research while providing actionable insights for managers. In addition to regular issues, CMR publishes special issues and sections on relevant topics, often guest-edited by leading faculty. Recent special issues have covered dynamic capabilities, city innovation, big data, and intellectual property management.