Investment to control climate change will bring its benefits over an equally long period, and borrowing to finance this investment will have to have a comparable term. Few national governments could borrow for such a long term. The report A World Climate Bank, suggests a new international financial institution to underwrite this sort of debt. How could this bank operate, how can it be governed, and how could it maintain its solvency, solidity, and credibility over the required long horizon?
I interview the authors John Broome and Duncan Foley in this podcast, with an intervention by commentator Augusto Lopez-Claros.
Download the report on this page at the Global Challenges Foundation and listen to the podcast with some of the sharpest minds.
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