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#climatefinance

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Bank unveils green loans plan to unlock trillions for #ClimateFinance

"An innovative plan to use public money to back renewable energy loans in the developing world could liberate cash from the private sector for urgently needed climate finance.

The plan, which is being pioneered by the IADB, would involve getting taxpayer-funded development banks to buy existing loans to green projects in poor countries, which would [attract] investment from private sector lenders."

theguardian.com/global-develop

The Guardian · Bank unveils green loans plan to unlock trillions for climate financeBy Fiona Harvey