Without an economic paradigm shift, these countries will face the double catastrophe of bearing the brunt of climate change without having the financial capacity to provide for their citizens. The report addresses tensions within the asset management community about how to effectively allocate green finance to emerging markets within a framework that was designed by, and for, advanced economies.Įmerging markets will require an enormous amount of funding to upgrade their economies and break their dependency on cheap fossil fuels for use at home and export abroad. The report, authored by the Centre for Climate Finance & Investment at Imperial College Business School, shows that in order to attract investor interest, developing countries will require a significant overhaul of their debt capital markets.īased on interviews with more than 40 emerging market asset managers and global banks, the report summarises the key stumbling blocks for developing economies seeking to issue green bonds and other types of sustainable instruments. Developing nations are missing out on a wave of investor interest in climate change and sustainability according to a new report released today.
