Transcripción del resumen del autor. There is an urgent need for large-scale financing to allow developing countries to mitigate and adapt to climate change. However, there is a yawning gap between the current level of climate change finance (approximately $8bn/y) and even the most conservative estimates of the World Bank for the amount required by developing countries ($90-$210bn). Standard & Poor's Michael Wilkins, Global Head of Carbon Markets and Julian Richardson, Chief Executive of Parhelion Underwriting, look at whether capital markets can bridge the climate change financing gap.

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