After Paris, it’s “all hands on deck” for climate finance
Sangjung Ha, Thomas Hale, and Pete Ogden discuss how China is critical to the goal of making financial institutions climate safe and climate resilient.
Governments spend more money on subsidies for fossil fuels than on efforts to fight climate change. But a new financial instrument—subsidy phase-out and reform catalyst, or SPARC, bonds—gives governments a way to tackle the tough politics of subsidy reform by leveraging billions from private investors.
