Next month, when delegates from around the world meet in Baku, Azerbaijan at COP29, the biggest questions on the table will have to do with money. Can rich nations find a way to meet developing countries’ demand for up to $1 trillion each year in climate finance? Avinash Persaud, special adviser on climate change for the Inter-American Development Bank, has spent his career looking for ways to make global markets work to unlock climate financing. He says the biggest challenges arise from a simple reality: “The people who benefit and the people who pay are different.” Persaud tells Akshat Rathi why he believes climate change is an “uninsurable” event, and the kinds of financial instruments and commitments that can help poorer countries contribute to the energy transition and adapt to a warmer world.
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Previous episode with Avinash Persaud about pressuring the World Bank and International Monetary Fund to accelerate the roll-out of clean technologies in developing countries ([ Ссылка ]) Past episode about the significance of the COP28 text ([ Ссылка ]) Past episode with African Development Bank President Akinwumi Adesina about financial instruments the bank is using to encourage investors to fund green development projects ([ Ссылка ])
Zero is a production of Bloomberg Green. Our producer is Mythili Rao. Special thanks this week to Kira Bindrim, Siobhan Wagner and Monique Mulima. Thoughts or suggestions? Email us at zeropod@bloomberg.net. For more coverage of climate change and solutions, visit [ Ссылка ] ([ Ссылка ]).
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Zero is about the tactics and technologies taking us to a world of zero emissions. Each week Bloomberg’s award-winning reporter Akshat Rathi talks to the people tackling climate change – a venture capitalist hunting for the best cleantech investment, scientists starting companies, politicians who have successfully created climate laws, and CEOs who have completely transformed their businesses. The road to zero emissions has many paths and everyone’s got an opinion about the best route. Listen in.
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