Climate finance governance piece published in WIREs Climate Change
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Ben Leffel
May 2, 2021, 4:23:14 PM5/2/21
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Dear colleagues,
Apologies for cross-posting. We just published our systematic review on climate finance in WIREs Climate Change (open access!): Sarah Bracking and I share two principal insights: (1) climate finance is on one hand reaching more cities, from EIB's direct lending of climate loans to cities to emerging municipal green bond markets, but (2) on the other hand the type of finance available is increasingly privatized and debt-based, from "blended finance" to favoring loans over grants, which muddies accounting transparency and risks shifting power to private market actors. Hence we advocate for public-authored climate finance in the spirit of Green New Deal and similar models. Available here: https://onlinelibrary.wiley.com/doi/10.1002/wcc.709
Apologies for cross-posting. We just published our systematic review on climate finance in WIREs Climate Change (open access!): Sarah Bracking and I share two principal insights: (1) climate finance is on one hand reaching more cities, from EIB's direct lending of climate loans to cities to emerging municipal green bond markets, but (2) on the other hand the type of finance available is increasingly privatized and debt-based, from "blended finance" to favoring loans over grants, which muddies accounting transparency and risks shifting power to private market actors. Hence we advocate for public-authored climate finance in the spirit of Green New Deal and similar models. Available here: https://onlinelibrary.wiley.com/doi/10.1002/wcc.709
Cheers,
Benjamin J. Leffel, Ph.D.
Lecturer, Department of Sociology,
University of California Merced
Twitter: @BenjaminJLeffel
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