Green Finance: The Road From Billions To Trillions

Ishac Diwan and Homi Kharas

No 2201, FDL Policy Notes from CEPREMAP

Abstract: This paper is a longer version of a chapter in a collective book edited by Lili Yan Ing and Dani Rodrik for the Indonesian G20 Presidency. The numbers associated with green finance are often strikingly large, but the incremental costs, net of associated co-benefits, are far smaller and could even be negative. Green finance is not costly, in the traditional sense, but shifts costs from the future to the present. In this report, we propose ways for the G20 to make this cost both more certain and supportable for developing countries.

Keywords: Global warming; cost of adaptation; carbon markets; official development assistance (search for similar items in EconPapers)
Pages: 12 pages
Date: 2022-04
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https://findevlab.org/wp-content/uploads/2022/06/F ... as-Green-Finance.pdf

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Persistent link: https://EconPapers.repec.org/RePEc:cpm:notfdl:2201

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