Former CEO, HSBC
"It's a huge financing requirement that can only be done with the public and private sector working together"
Noel Quinn, former CEO of HSBC, underscores the critical nature of public-private collaboration to meet the massive financing requirements needed for infrastructure over the next few decades. This collaboration is essential to achieving net zero emissions by 2050.
Quinn emphasises the importance of turning concepts like blended finance into tangible realities. He expresses optimism about the rapid advancements in technologies, particularly in the automotive and energy sectors, and stresses the need for accelerated progress.
Quinn highlights the pivotal role of policymakers in providing clear signals and facilitating infrastructure development, such as expanding the energy grid. He advocates for innovative financing structures, like contracts for difference, to make emerging energy technologies economically viable.
In the financial sector, he calls for scaling up investments in sustainable infrastructure, leveraging the existing intellectual property and commitment across businesses and governments. Quinn's message is clear: collective will and action are poised to transform ambitious climate goals into reality.
