Dr Aled Jones, Director of the Global Sustainability Institute at Anglia Ruskin University, has been invited to be a William J. Clinton Distinguished Lecturer by the Clinton School of Public Service.
Dr Jones’ lecture on Friday, 14 December will provide reflection and advice to the influential Club de Madrid, whose members include former United States President Bill Clinton. The Clinton School was established by the University of Arkansas, in co-operation with President Clinton.
Focusing on financing climate change solutions in developing countries, Dr Jones will address issues important to the Club de Madrid – a group of more than 90 democratic former Heads of State and Government from across the world – at their annual conference in Little Rock, Arkansas.
His speech, in President Clinton’s home town, will set out the objectives for a new taskforce aimed at supporting the role of private sector finance, particularly sovereign wealth and pension funds, in generating low carbon, sustainable growth in developing countries.
The taskforce – to serve as an action group to mobilise political will across the world – will form part of the Little Rock Accord, which is expected to be signed during the Club de Madrid conference.
Pension funds are considered a prime source of potential investment because their long-term horizons are ideal for investing early in the companies and projects that will produce profitable solutions. This finance can be used to address shortages of key resources needed for development including energy, water, food, clean air and medical services.
“We will be talking about how to get more urgency into climate change solution investments across the world and how to engage both private and public sector in this. The plan is for the Club de Madrid to sign a declaration in Little Rock and make this one of their priorities over the next couple of years.
“The taskforce will work to build an acceptance that early and ambitious action to create these innovative financing tools will be cost effective, create jobs, drive economic growth, and provide good returns on investments.
“President Clinton, who is hosting the conference, is a vocal supporter of the need for new financing solutions, and his Clinton Climate Initiative has already been working on many of these issues, particularly in India.“
Dr Jones previously ran the P8 Group of pension funds (growing into the P80 Group) through his work with the Prince of Wales Corporate Leaders Group on Climate Change and the University of Cambridge Programme for Sustainability Leadership.
As well as heading up Anglia Ruskin’s Global Sustainability Institute, Dr Jones also chairs a working group on climate finance within the Capital Markets Climate Initiative on behalf of Greg Barker, the Minister for Climate Change in the UK Department for Energy and Climate Change (DECC).
The Global Sustainability Institute’s core research is focused around personal motivations and systems change, set against the challenges of sustainability. The ‘system’ is the political, financial, industrial and social frameworks that contribute to challenges faced by society such as climate change, natural capital challenges, and social problems.