Guest view: “1% for 1.5C” can power green finance

📆 2023/04/11 22:33:00
📰 Breakingviews

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Poorer nations pay the highest human and financial cost of climate change. Multilateral development banks should offer to lend to them at 1% to help mitigate and adapt to global warming, argues UN Climate Change High-Level Champion for COP27 Mahmoud Mohieldin.

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Breakingviews - Guest view: “1% for 1.5C” can power green financeWhen it comes to tackling the climate crisis, the world has reached a perilous juncture. But as global finance and development leaders gather for the World Bank/IMF spring meetings in Washington D.C. this week, it may have also arrived at a new moment of opportunity.
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