Bonds, Climate Bonds

In a recent article in Government: Business, Foreign Affairs and Trade John Mathews and Sean Kidney outline the idea of climate bonds to fund the transition from fossil fuels to green energy.

The role of private finance in effecting the transition to a low-carbon economy -- what will be the biggest economic transformation in history and estimated in one recent report to be more than three times the size of the whole industrial revolution -- is the crux of the issue.

Putting the emphasis on private financing allows a different perspective. In place of always talking about the ‘costs’ of climate change mitigation, we can talk instead about investment opportunities.