News
These ‘Beautiful’ Banks Are Being Pitched to Save Climate Finance
Developing countries require trillions of dollars a year to transition to clean energy and build climate-resilient infrastructure. So where will the money come from?
Avinash Persaud, special adviser on climate risks to the president of the Inter-American Development Bank, joins Zero to make the case for giving more money to multilateral development banks (MDBs), such as the World Bank. He calls them “beautiful” for their ability to funnel hundreds of billions of dollars a year to poorer countries around the globe, much of which goes to climate projects.