Although capital is beginning to flow to finance a global transition to a sustainable economy, transformation in the financial ecosystem may be called for to drive investment at the scale and speed needed. The energy transition could cost up to $200 trillion cumulatively by 2050, presenting an unprecedented investment challenge.

“While there is an abundance of capital to help drive the green economy, it doesn’t always reach the right places at the right times, highlighting a significant challenge in the current financial landscape,” says Chris Ruggeri, a principal and Sustainability, Climate & Equity leader with Deloitte Transactions and Business Analytics LLP.

Ruggeri spoke with Freedom-Kai Phillips, director of the Deloitte Center for Sustainable Progress and three other participants convened for a panel discussion on financing the green transition—Dan Barker, president and CEO of Halcyon, an accelerator and investor in early-stage, impact-driven startups; Anna-Marie Slot, co-founder of advisory firm Transition Value Partners; and Mike Wise, vice president of investment firm S2G Ventures—to explore how the financial ecosystem could evolve to enable the financing of the transition to a green economy.

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