“Climate finance” entails applying the power of private-sector finance to scaling up low-carbon solutions. Its stock is rising now because the world needs to unleash massive flows of private capital in order to mitigate its carbon problem.
These factors are not universally present. We have diversity and divergence – and an absolute requirement to reduce greenhouse gas emissions worldwide – at play.
There is cause for caution because, as in all complex processes, there is risk.
Risk