An estimated $2.4 trillion a year—above what we already invest—needs to be raised to achieve a global climate transition by 2050, but there are no easy answers to who is going to pay or how the money will be deployed, according to investors, bankers, and members of government who spoke on a panel at the Harvard Business School’s “Accelerating Climate Solutions” conference on May 10.

And there’s a lot of undoing of “old ways” in order to raise and deploy funds fast enough to achieve any climate goals while fairly allocating costs across the globe.

“Convention got us into this problem, it ‘ain’t’ getting us out of it,” Scott Jacobs, CEO and co-founder of Generate Capital, said emphatically.

Read the full article “Inching Closer: Who Will Pay for a Decarbonized World?”