“How do we finance the climate adaption needed to stop global temperatures rising above 1.5 degrees? Our panel of experts share their thoughts:
1| Tax Wall Street
Hundreds of billions of dollars could be made available for climate finance by placing a small tax on financial transactions such as the trading of stocks and bonds. There’s a big Robin Hood Tax movement behind this, with a group of European countries already on the cusp of establishing the world’s first regional financial transaction tax. Karen Orenstein, senior analyst, Friends of the Earth US, Washington DC, USA
2| Remind politicians that where there’s a will, there’s a way
Sometimes the needs of a vulnerable community won’t line up with the interests of an external invester, and public money is the only thing that will get the job done. For adaptation, being able to mobilise sufficient funds without the private sector is an imperative and the inability to generate the necessary funds is purely a political problem. The money is there, it’s just being spent on the wrong things.Brandon Wu, senior policy analyst, ActionAid, Washington DC, USA”
For the other ten points, read: