Pathway to Paris #10: financing and developing the low carbon economy
A biweekly climate briefing for municipalities
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In this Issue #10
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Governments subsidise fossil fuels massively
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The growing job market in renewables
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Under2MOU: Regions unite for a low carbon future
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Public commitments to climate action
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Featured network: Global Parliament of Mayors
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Green bonds: A ballooning new mechanism to finance climate action
The transition to a low carbon society requires a major injection of capital to fund renewable energy, new transportation systems, retrofits of buildings and so on. At the same time, trillions of dollars from pension funds and insurance companies sits in the bond market. Match the need with green investments with capital and the result is green bonds or climates.
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