Although the rich world’s available public money for the investment in the developing countries’ greenery already amounts to tens of billions, it is far from being enough.
Therefore, in an attempt to advance the rich-to-poor flow of public money, the World Economic Forum is calling for negations stimulating the development banks (the World Bank, the Asian Development Bank) to use public funds from the rich world in order to guarantee investors against the problems of currency and political risk.
The investors, on their part, are trying to convince the world leaders to reduce the emissions by 50-85% by 2050 and they are asking for government-guaranteed bonds for climate-related investment and more direct public support for specific green funds.
Now it is up to the world leaders and governments to decide and help the developing countries.
De Muynck Elisabeth
zondag 4 oktober 2009
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Although the rich world’s available public money for the investment in the developing countries’ greenery already amounts to tens of billions, it is far from being enough.
Therefore, in an attempt to advance the rich-to-poor flow of public money, the World Economic Forum is calling for negations stimulating the development banks (the World Bank, the Asian Development Bank) to use public funds from the rich world in order to guarantee investors against the problems of currency and political risk.
The investors, on their part, are trying to convince the world leaders to reduce the emissions by 50-85% by 2050 and they are asking for government-guaranteed bonds for climate-related investment and more direct public support for specific green funds.
Now it is up to the world leaders and governments to decide and help the developing countries.
Well-done
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