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 advisor 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), which already funnel hundreds of billions of dollars a year to poorer countries around the globe, much of which goes to climate projects. His pitch is now harder than ever to make as the US slashes international climate finance and European countries reduce their overseas aid budgets to support defense spending. 

Past episodes of Moving Money:
How the financial system can work for climate, not against it
The fight over finance brewing at COP29

Explore further:
COP29: Exxon CEO Darren Woods Interview Transcript From UN Climate Summit
Unlocking Climate Trillions With a Global Plan From a Sinking Island - Bloomberg 
Debt-for-Nature Swaps Gain Traction Among Developing Countries - Bloomberg

Zero is a production of Bloomberg Green. Our producer is Oscar Boyd. Special thanks to: Mythili Rao, Sommer Saadi, Mohsis Andam, Blake Maples and Siobhan Wagner. Thoughts or suggestions? Email us at zeropod@bloomberg.net. For more coverage of climate change and solutions, visit https://www.bloomberg.com/green.

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 advisor 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), which already funnel hundreds of billions of dollars a year to poorer countries around the globe, much of which goes to climate projects. His pitch is now harder than ever to make as the US slashes international climate finance and European countries reduce their overseas aid budgets to support defense spending.&nbsp;
Past episodes of Moving Money:
<ul>
<li><a href="https://omny.fm/shows/zero/how-financial-system-can-work-for-climate-not-against">How the financial system can work for climate, not against it</a></li>
<li><a href="https://omny.fm/shows/zero/avinash-persaud-v3-mixdown">The fight over finance brewing at COP29</a></li>
</ul>
Explore further:
<ul>
<li aria-level="1"><a href="https://www.bloomberg.com/news/features/2024-11-21/cop29-exxon-ceo-darren-woods-interview-transcript-from-un-climate-summit?srnd=undefined&amp;sref=jjXJRDFv">COP29: Exxon CEO Darren Woods Interview Transcript From UN Climate Summit</a></li>
<li aria-level="1"><a href="https://www.bloomberg.com/news/articles/2023-06-21/unlocking-climate-trillions-with-a-global-plan-from-a-sinking-island">Unlocking Climate Trillions With a Global Plan From a Sinking Island - Bloomberg</a>&nbsp;</li>
<li aria-level="1"><a href="https://www.bloomberg.com/news/articles/2022-11-07/debt-for-nature-swaps-offer-option-for-developing-countries">Debt-for-Nature Swaps Gain Traction Among Developing Countries - Bloomberg</a></li>
</ul>
Zero is a production of Bloomberg Green. Our producer is Oscar Boyd. Special thanks to: Mythili Rao, Sommer Saadi, Mohsis Andam, Blake Maples and Siobhan Wagner. Thoughts or suggestions? Email us at zeropod@bloomberg.net. For more coverage of climate change and solutions, visit <a href="https://www.bloomberg.com/green">https://www.bloomberg.com/green</a>.

Zero is about the tactics and technologies taking us to a world of zero emissions. Each week Bloomberg’s award-winning reporter Akshat Rathi talks to the people tackling climate change – a venture capitalist hunting for the best cleantech investment, scientists starting companies, politicians who have successfully created climate laws, and CEOs who have completely transformed their businesses. The road to zero emissions has many paths and everyone’s got an opinion about the best route. Listen in.

Zero: The Climate Race

Zero

These 'beautiful' banks are expected to save climate finance: Moving Money

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/197f02e4-8eb6-442e-9542-b2af015489bc/transcript

Advertisement