![]() ![]() ![]() The way we should approach the climb is to use all possible instruments we have at our disposal.įirst, we are a huge proponent of carbon pricing. But even if we are more comfortable with the figure and that we are not talking about an impossibility, it is still a mountain to climb. We should also ask ourselves: is this sum really just for climate investment or is it for investments in climate and development? And if this is the case, then we should not be scared of this amount because development investments of that size are not necessarily so significant. ![]() So, by the time we move into the decades ahead, there should be better capacity to finance any activity. Going to the money: $5 trillion sounds like an impossible amount of climate finance, but if you look at the world economy today, it is over $100 trillion economy and it will continue to grow. This sends a signal that we all need to work together in a way that makes sure what we achieve is bigger than we would have achieved on our own. This is the first COP when the IMF and the World Bank have shared a pavilion. These remarks have been lightly edited for clarity. ![]()
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