Prince Charles calls on public and private sectors to ‘unlock trillions’ for sustainable eco-driving

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The Prince of Wales looks to the public and private sectors to help build a more sustainable future

Charles announced that business leaders from around the world will come together, through his Sustainable Markets Initiative (SMI) and the Terra Carta Action Forum, in Sharm el-Sheikh, Egypt, on November 7-8.

Plans for the future King come despite a cost of living crisis gripping the UK as Britons face a recession and sky-high energy bills later this year.

But Charles is adamant his forum will still take place during this year’s COP27 climate talks – and he hopes to accelerate the transition to a sustainable future.

Prince Charles

The Prince of Wales and the Duchess of Cornwall

The Prince of Wales and the Duchess of Cornwall

Charles said: “Over the past year we have seen the increasingly devastating effects of climate change as the world warms, seas rise and people around the world suffer the dire consequences. .

“In 75 days, the world gathers in Egypt for COP27, where we must focus on how to deliver on the promises made in Glasgow to unlock trillions of dollars in private sector investment to move the global economy forward. to a more just, sustainable and affordable future.”

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The work of SMI industry working groups and the winners of the inaugural Terra Carta Design Lab will be part of forum events that will coincide with the Global Leaders Summit.

Brian Moynihan, Managing Director of Bank of America and Co-Chair of SMI, said, “The private sector is leading the way in helping to drive a just transition to a sustainable, low-carbon future for nature, people and the planet.

“Working with the public sector, we can accelerate progress towards clean energy security and a just transition.

“Cop27 is another opportunity to continue our work.”

The forum was first held at COP26 in Glasgow and its various events included a reception for global mayors that focused on accelerating transition in cities, a listening session with indigenous groups, as well as an exhibition of sustainable fashion by designer Stella McCartney.

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