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Davos: Green transition is '$50-trillion investment opportunity'

The investment opportunity presented by the transition to a green global economy has been a key topic on the agenda at the 2021 World Economic Forum.

The weeklong summit — held online this year due to the global coronavirus outbreak — devoted over a day's worth of discussions to issues surrounding climate change, including how to restructure an economy based around the consumption of carbon-producing fossil fuels.

Over several panels, both politicians and business leaders highlighted the economic potential of the green transition. The real challenge, they said, will be getting investments where they are needed most.

From shareholder to stakeholder
The transition toward an environmentally stable global economy represents a $50 trillion (€41 trillion) investment opportunity, said Bill Winters, Group CEO of the UK-based Standard Chartered Bank, speaking on a panel about how to finance the transition to a global society free of carbon emissions.

"These are interesting assets," he said, "both for social reasons, and because they should generate an acceptable return" for investors.

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