There are some dangerous misconceptions associated with climate change finance. This post is a continuation of earlier posts here, here, here, and here. One, there are very few trade-offs involved in the pursuit of development and climate change adaptation and mitigation. Two, reducing the flow of carbon emissions is more important than lowering the stock of accumulated carbon emissions. Three, there is sufficient financing available to meet the ambitious and expedited agenda on climate adaptation and mitigation. Four, there are trillions of dollars of private capital that are waiting to finance climate change interventions. Five, the few hundreds of billions of public finance is sufficient to de-risk and leverage the trillions of private capital required. Six, the private sector can play the lead role in climate adaptation and mitigation projects, and governments should merely derrick projects for the private sector.
The climate change finance problem
The climate change finance problem
The climate change finance problem
There are some dangerous misconceptions associated with climate change finance. This post is a continuation of earlier posts here, here, here, and here. One, there are very few trade-offs involved in the pursuit of development and climate change adaptation and mitigation. Two, reducing the flow of carbon emissions is more important than lowering the stock of accumulated carbon emissions. Three, there is sufficient financing available to meet the ambitious and expedited agenda on climate adaptation and mitigation. Four, there are trillions of dollars of private capital that are waiting to finance climate change interventions. Five, the few hundreds of billions of public finance is sufficient to de-risk and leverage the trillions of private capital required. Six, the private sector can play the lead role in climate adaptation and mitigation projects, and governments should merely derrick projects for the private sector.