Giving Compass' Take:

• Mark Tercek, writing for Forbes, lists three ways to invest in sustainable development that include designing government policy, utilizing financial accelerators, and leveraging data. 

•How will public and private partnerships help inform global development financing? 

• Read more about big bets in philanthropy for sustainable development. 

As more and more world leaders call for action on climate change, a difficult challenge arises: How do we pay for it?

It will take an estimated $5-7 trillion per year over the next 15 years to solve climate change and to meet the other U.N. Sustainable Development Goals.

  1. Design smart government policy: We often get this right. Consider the emerging renewable portfolio standards in the U.S., now in place in 29 states. These policies have unleashed huge investments by the private sector.
  2. Develop creative financial accelerators: From the municipal level to the international stage, we’re beginning to see new mechanisms to unlock private financing for conservation.
  3. Put data to work: If we're going to continue to unlock these kinds of financial innovations, we’re going to need compelling evidence that these investments in nature will produce high returns.

Read the source article on investing in sustainability by Mark Tercek at Forbes.