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Financial Schemes and Climate Change
This chapter delves into the issuance of green bonds by countries like Chile and Uruguay, exploring the low implicit price for CO2 in these bonds due to low interest rates. It discusses China's efforts and contradictions in combating climate change, showcasing the complexities in transitioning to renewable energy and reducing emissions. The conversation emphasizes the critical role of finance in driving environmental change, highlighting the disparity between required funding in trillions of dollars and the current allocated amounts towards environmental initiatives.