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Green Finance: The Road From Billions To Trillions

Author

Listed:
  • Diwan, Ishac
  • Kharas, Homi

Abstract

This paper is a longer version of a chapter in a collective book edited by Lili Yan Ing and Dani Rodrik for the Indonesian G20 Presidency. The numbers associated with green finance are often strikingly large, but the incremental costs, net of associated co-benefits, are far smaller and could even be negative. Green finance is not costly, in the traditional sense, but shifts costs from the future to the present. In this report, we propose ways for the G20 to make this cost both more certain and supportable for developing countries.

Suggested Citation

  • Diwan, Ishac & Kharas, Homi, 2022. "Green Finance: The Road From Billions To Trillions," FDL Policy Notes 2201, CEPREMAP.
    • Handle: RePEc:cpm:notfdl:2201
    as

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    File URL: https://findevlab.org/wp-content/uploads/2022/06/FDL_G20_Diwan_-Kharas-Green-Finance.pdf
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