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The spring meeting of the World Bank and IMF might bring a little more money for the climate. But that is not enough, says the President of the World Resources Institute, Ani Dasgupta: The entire financial system must be reviewed, he says. Details could emerge at the financial summit of French President Macron.
By Alexandra Endres
Using tight public funds to leverage many billions from the private sector for climate financing – that is what the World Bank and important bilateral donors plan to do. But it is highly doubtful whether the necessary billions will be raised in this way. The concept of leveraging private funds is on shaky ground.
By Nico Beckert
