Dalio Says End of 'Free Money' Is Making Climate Fixes Difficult - Bloomberg
Dalio Says COP28 Climate Fixes More Difficult With End of ‘Free Money’ - Bloomberg
Dalio Says End of ‘Free Money’ Is Making Climate Fixes Difficult
- Projects are expensive as cost of funds is now high as 8%
- Dalio said banks need a ‘real return’ to avoid a bubble
Sign up for the Green Daily newsletter for comprehensive coverage of the climate summit right in your inbox.
Billionaire investor Ray Dalio said rising interest rates have made it harder to get climate projects off the ground.
Have a confidential tip for our reporters? Get in Touch
Before it’s here, it’s on the Bloomberg Terminal
LEARN MORE
Up Next
Dalio Says End of ‘Free Money’ Is Making Climate Fixes Difficult
Related Knowledge Center: Climate diplomacy: COP 27
The 27th Conference of the Parties (COP 27) produced a groundbreaking agreement to create a “loss and damage” fund to help developing nations cope with the impact of climate change.
But the conference, held from Nov. 6 to Nov. 20, 2022, in Sharm el-Sheik, Egypt, fell short of a hoped-for agreement to speed reductions of greenhouse gas emissions.