With climate change concerns now affecting financial decision making, choosing which industries to support and projects to finance has become a crucial part of the lending decision process. Shifting loans towards green energy projects and issuing green bonds to help slow the impact of global warming is now a necessary part of every portfolio.
But in addition to ensuring the right kind of projects are chosen, the emerging economies at the sharp end of climate change need international agencies and development banks to give them room to manoeuvre, as they walk a tightrope between building their economies and climate change resilience.
