Public Sector Must Play Major Role in Catalyzing Private Climate Finance

Sharing the risks between public and private sectors would direct a greater share of the world’s financial assets to climate projects.

 
Climate change is one of the most critical macroeconomic and financial policy challenges that IMF members face in coming decades. The recent spikes in the cost of fuel and food—and the resulting risks of social unrest—underline the importance of investing in green energy and boosting resilience to shocks.

It will require massive global investments to address the climate challenge and vulnerabilities to shocks. Estimates range from $3 trillion to $6 trillion per year until 2050. The current level at about $630 billion is just a fraction of what’s really needed—and very little goes to developing countries.

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Πηγή: blogs.imf.org