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Digital Subscriptions > Cities Today > Issue 22 > Unlocking the economic opportunity of climate action

Unlocking the economic opportunity of climate action

Photo: CDP

The appetite for investing in climate action is growing. At the UN climate talks in Paris last year, more than US$100 billion per year was pledged both from public and private sources to help developing countries mitigate and adapt to climate change by 2020. Financial institutions such as Bank of America Merill Lynch and CalPERS have made far-reaching commitments to redirect their investments in the coming ten years into renewable energy, sustainable transport and green bonds.

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