top_idea_big TOP IDEA Voted number 1 of its week

Unlocking private funds to tackle climate change

We have learned from COP 26 that the key to unocking $130 trillion in private funding to support a transition to renewables is the effective deployment of a scheme for universally accepted standards for determining the ecofriendliness of a company, via the newly established International Sustainability Standards Board (ISSB). The sooner the ISSB does its work, the sooner the funds will start to flow. At this stage, a best case scenairo is thought to be last half of 2022, which would be great. But, that is also said to be optimistic. My ideas is that entrepreneurs who wish to invest in urgent climate action right now direct their funds to covering the costs of the ISSB to employ the best and brightest scientists, policy makers and other employees that the ISSB needs (presumably many ten's of thousands) to get the new standards up and running.
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