Investing in climate change: Can we use local bonds and ethical investment in the public and third sector to make the difference?
In October, we hosted a very exciting meeting with Private sector investors from London who came to visit Finance leaders from the West Midlands. The discussion centred on the possibility of using local bonds and ethical investment in the public and third sector to make a difference.
This meeting continued discussions which we began at our Mini Summit on worklessness and green solutions in September. With the help of Colin Hines, convenor of the Green New Deal group, key investors from London from organisations such as Climate Change capital put their proposals to key finance representatives from across the West Midlands. They are keen to bring investment to Birmingham and give our economy the kick start it needs through joining up work of the public and private sector to create a large scale retrofitting programme.
The idea of this ‘climate change bond’ to help lead the way towards a low carbon building programme across Birmingham appealed to the Social Registered landlord representatives who have the access to the houses and they are currently discussing these ideas further with AWM.