The financial sector often talks of decarbonizing investment portfolios as a way to fight climate change. But portfolios can be "cleaned" without having any real impact on the problem, says investment expert Nili Gilbert. Bringing science to finance, she unpacks how investors can actually help decarbonize the world -- a costly endeavor, estimated at three to five trillion dollars per year between now and 2050 -- and ensure the climate transition is just, global and interconnected. "Changing the markets can be a way to change the world," she says.

Nili Gilbert: The crucial intersection of climate and capital

The crucial intersection of climate and capital

Investing in heavy sectors like industrials for deep decarbonization rather than low-carbon sectors can change the climate trajectory.

Real-world decarbonization requires $3-5 trillion annually until 2050, akin to investing Germany or Japan's GDP yearly for climate goals.

Addressing climate change demands global, interconnected actions, aligning decarbonization with social goals for a holistic approach.