“Big banks don’t do well in providing capital in underserved communities” that are disproportionately affected by the health and economic ravages of the coronavirus, says Southern Bancorp's Darrin Williams. “I’m pushing for communities of color, rural communities, markets without Internet access.”
“In a low-carbon world with limited demand, there is simply no place at all for oil sands production,” says Andrew Grant of CarbonTracker.
They are the ones who are going to get us through this.
With COP26 postponed, governments should "double down on their efforts to ensure a green and just way forward in handling this health crisis and the climate emergency," says Greenpeace's Jennifer Morgan. "Going back to 'business as usual' is completely unacceptable.”
Naturevest is working with 20 island nations on similar deals to refinance their debt and use the savings for marine protection.
“These are critical times for Africa as it addresses the challenges resulting from the Coronavirus,” says African Development Bank's Dr. Akinwumi Adesina.
That the fund went “from conception to announcement to disbursement within less than two weeks is a sign of what is possible when everyone acts with a sense of urgency and mutual trust,” says Bugg-Levine, who has led NFF since 2011.