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View from Davos January 2 2014

Can green bonds help prevent climate catastrophe?

A groundswell of support for green finance means headway is being made in the transition to a low-carbon economy, with new sustainable models of finance, the issuance of green bonds and initiatives to level the playing field among banks. 
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Can green bonds help prevent climate catastrophe?

Momentum is building in green finance as bankers become more aware of the uncertainties surrounding the risks and rewards of investing in fossil fuels, as well as the advantages of investing in new carbon markets.

The economic models of carbon mitigation (carbon reduction) and carbon adaptation (adapting to climate change) cut across many different sectors and types of financing. Their long-term trend is clear, according to bankers, but the short-term growth path is likely to be bumpy, as new sources of energy (for example, wind, solar, hydroelectric and waste), ‘green’ real estate and new transport technology (for cars, trucks, aircraft, railways and ships) battle traditional industries, and policy ebbs and flows in support of the transition. For example, carbon trading volumes have fallen.

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