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It’s All About the Money in Copenhagen

Mindy Lubber of Ceres blogs about the key question being asked in the Danish capital: How on earth do you build and finance a robust and credible global carbon market?
by Mindy S. LubberGreenBiz.com Posted on Dec 16, 2009

It's all about the money these last days in the Danish capital and one key question is being asked: How on earth do you build and finance a robust and credible global carbon market? On buses, in hallways, in long lines outside the Bella Center, participants are all talking about the explosion in financing and carbon trading that is needed to dramatically reduce the pollution causing climate change.

The "financing" part is easy to understand: We need more spending on carbon-reducing activities, a lot more spending. Significantly more public and private financing is needed to deploy energy-saving, low-carbon technologies on the global scale needed. And 85 to 90 percent of that financing will need to be from private sources such as investment banks, public pension funds and other global investors who control many trillions of dollars.

Read the post at GreenBiz.com

Meet the Expert

Mindy S. Lubber JD, MBA

Mindy S. Lubber is the president of Ceres and a founding board member of the organization. She also directs Ceres’ Investor Network on Climate Risk (INCR), a group of 100 institutional investors managing nearly $10 trillion in assets focused on the business risks and opportunities of climate change. Mindy regularly speaks about corporate and investor sustainability issues to high-level leaders at the New York Stock Exchange, United Nations, World Economic Forum, Clinton Global Initiative, American Accounting Association, American Bar Association and more than 100 Fortune 500 firms. She has led negotiating teams of investors, NGOs and Fortune 500 company CEOs who have taken far-reaching positions on corporate practices to minimize carbon emissions, water use and other environmental impacts. She has briefed powerful corporate boards, from Nike to American Electric Power, on how climate change affects shareholder value.

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