Trillions of dollars are needed annually to prevent climate change and natural-resource constraints from stalling the global economy and threatening the livelihoods of billions of people. In order to compel investors to provide the needed financing, financial-market regulatory reform should be linked to the green-growth imperative.
SEOUL – Trillions of dollars in “green finance” – that is, low-carbon, resource-efficient investment – are needed annually to prevent climate change and natural constraints from stalling the global economy and threatening the livelihoods of billions of people. But investors remain resolutely brown and dirty, unwilling to bet on a sustainable future. Now, given an increased focus on regulatory reform, policymakers must seize the opportunity to chart a new course.
SEOUL – Trillions of dollars in “green finance” – that is, low-carbon, resource-efficient investment – are needed annually to prevent climate change and natural constraints from stalling the global economy and threatening the livelihoods of billions of people. But investors remain resolutely brown and dirty, unwilling to bet on a sustainable future. Now, given an increased focus on regulatory reform, policymakers must seize the opportunity to chart a new course.