Climate war chest
www.brw.com.au | November 5–11 2009 | page 8
“Climate bonds” are the way to ramp up investment in climate-change response, in the same way that war bonds funded military spending in the two world wars, a non-profit group established to promote investment in renewable energy says.
A spokesperson for Climate Bonds Initiative, Sean Kidney, says in response to a recent report highlighting the urgent need for emissions controls that investors need an option to invest in renewable energy without compromising returns.
“They have to be equivalent investments,” he explains.