Jeremy Oppenheim: Post 2015 is a climate and sustainable development agenda

17 December 2015

Jeremy Oppenheim, Programme Director, New Climate Economy

LONDON: With a successful deal agreed at COP21, it is the turn of governments and investors alike to piece together the price of sustainable development. Climate TV speaks to Jeremy Oppenheim, Programme Director, New Climate Economy, who explains how he believes investors can support implementation of the climate agreement within the next fifteen years.

Talking to The Climate Group’s Climate TV during COP21, Jeremy Oppenheim said: “The post 2015 climate agenda is building the world’s economy over the next 15 years. It goes beyond climate; it goes into how we build the cities that we want to see, into how we build the energy systems, and how we finance land use in a different way. The post 2015 agenda, is a climate agenda, and it’s a sustainable development agenda as we need to bring the two together.”

With commitment from 195 countries to the universal climate deal, which aims to keep global warming below 2 degrees Celsius, Jeremy Oppenheim appreciates the financial input countries have supported with so far, stating: “The world already invests in all forms of different assets.”

But Jeremy Oppenheim pinpoints that “we need long term capital, we need it to be at the right price, and in particular we need to make sure that the pricing is right for sustainable infrastructure, and for the low carbon resilient infrastructure that we need to see.

“We need to see it essentially supported and enabled by the right policy settings. Getting carbon prices is not the only piece that is, in many respects, an essential piece of the toolkit to create an environment that we can get, not only a quantity of finance, but the right quantity.”

The low carbon economy expert encourages investors, both public and private, to make cleaner investments – something that is already underway with initiative and collectives such as RE100, a campaign which encourages the world’s most influential companies to go 100% renewable and currently has 53 partners.

“There is a clear opportunity for investing in the kind of low carbon infrastructure that we need to see around the world. For many developing countries, particularly the poorest developing countries, they will need support externally in terms of increased financial flows to make sure that the capital and infrastructure is put in place.

“When we get the right policies in place, there will be the right opportunity to invest in those assets in developing countries, in a way that is good for economic growth and investment returns.”

The united response of this year’s Conference of Parties, has seen a “deep engagement” in both developed and developing economies, showing their low carbon direction as a “path to economic growth” for all nations whether they are of low, medium or high incomes. As noted by Jeremy Oppenheim in the interview, Paris also saw more commitments from “private business than we have ever seen before.”

  • You can watch more of our exclusive video interviews with climate leaders and experts by following the hashtag #ClimateTV on social media.

Text by Gabriella Romano, video by Ilario D'Amato

Share
Facebook icon
Twitter icon
LinkedIn icon
e-mail icon
Google icon