05 Jun 2020

World Environment Day. Spotlight: Taking action on climate change

For World Environment Day, Marco Serena, PIDG Head of Development Impact explains how PIDG is progressing towards its commitment to SDG 13, climate action.

Climate change is accelerating fast, and we are running out of time to alter the current trajectory of global Green House Gas (GHG) emissions and to transition towards net zero emissions by 2050, in line with the goals of the Paris Agreement on Climate Change. This is the last decade at our disposal to change course before irreversible damage to our planet and the time for global action is now. The large stimulus packages that governments are arranging to address the COVID-19 pandemic, provide an unprecedented opportunity to accelerate a fundamental transition. Private finance and investors have a key role to play in this transition.

As a responsible investor focused solely on infrastructure in some of the poorest and most fragile contexts, PIDG takes climate change into account in every investment and operation decision. This year we have further strengthened our climate change approach and stepped up action.

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