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Managing risk, achieving impact: Linking sovereign debt with climate and nature targets

Business Green

Sustainability-linked sovereign bonds can help promote economic resilience and a much-needed sustainable recovery to Covid-19, according to the World Bank's Fiona Stewart and Samantha Power. The market for sovereign bonds that finance sustainable development is also developing quickly. Reducing risk and raising targets.

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How investing 1.3 per cent of GDP could decarbonise the global economy - and unlock massive financial savings

Business Green

Moreover, this price tag is for capital investments, not costs. In many countries these investments are required regardless of climate change in order to continue to drive economic development efforts. "At Again, it sounds like a lot but it is equivalent to around 1.3 per cent of prospective global GDP over the next 30 years.