‘Partnership’ is key to achieving Paris goals post-COP 26

COP26 marks a change from talking about what is needed to meet the targets set in the Paris Climate Accords to moving into the delivery phase, said Kit England, green economy manager, Glasgow City Council.

“What we need to be doing now is translating those investment needs into real projects on the ground,” he said.

Talking to Real Asset Insight’s Richard Betts during COP26, he said that it is no longer a question of what the city council will spend its money on, but is about how wider private capital can be stewarded into projects.

Partnership is key, he said. “The investment needs for Glasgow are estimated to be about £30 billion over the next decade. That obviously can’t come from grants and public funds, although we have a role to play, so it has to be done in partnership with the private sector.”

“Partnership is going to be absolutely crucial – working collaboratively with the private sector to develop the right business models that allow us to mobilise funds into mitigation and adaptation as quickly as possible and at significant scale.”

Click on the video above to watch the full interview or listen to the podcast below.