Heather Buchanan, CEO and co-founder of Bankers for Net Zero,
explored Cayman's potential role in sustainable finance at this
year's first Cayman Finance member event on 25 Jan at the
Kimpton Seafire.
Buchanan explained how Cayman could leverage its financial
influence as a significant domicile for investment funds to
contribute to global net-zero efforts, as well as the need for
innovative solutions, collaboration, and new financial practices to
meet the challenges of climate change.
So far, there is a significant gap between the capital needed
for net-zero transitions and what has been mobilised. The developed
world alone needs an estimated $3.5 trillion each year to achieve
net-zero goals, so that private capital will be of outsized
importance, she said.
