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Wilkins, Michael;
Richardson, Julian;
01/01/2011
It's generally accepted that there is an urgent need for large-scale financing to allow developing countries to mitigate and adapt to climate change. However, there is a yawning gap between the current level of climate change finance (approximately $8bn/y) and even the conservative estimates by the World Bank for the amount required by developing countries ($90bn-$210bn)1. Here, Standard & Poor’s Michael Wilkins, Global Head of Carbon Markets, and Julian Richardson, CEO of Parhelion Underwriting Ltd, look at whether capital markets can bridge the climate change financing gap.
Article details
PR Jan 2011 - p12-14.pdf
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Journal title: Petroleum Review
Publisher: Energy Institute
Keywords:
Climate change
Subjects:
Environmental protection,
Protection of ambient air and climate,
Health and safety,
Banking, finance and investment,
Trading,
Management and commerce,
Risk management,
Economics, business and commerce,
Carbon emissions
