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International Climate Bonds Proposal

By Sean Kidney,  Karl Mallon, Nick Silver, Cynthia Williams and Paul Hughes
V1.2: 20May09

This paper follows international modelling which identifies industrial development times as the critical constraint to avoiding dangerous climate change. The modelling suggests that an unprecedented public-private partnership may be the only solution to address this issue in the time available.

Background – Urgency
We are now 15 years on from the Rio Earth Summit. In that time, global emissions have risen beyond the IPCC’s most pessimistic emissions scenario, climate change has been persistently worse than predicted, and what seemed the then theoretical possibility of catastrophic extreme events increasingly look like certainties. World leaders have yet failed to make a meaningful deal; even if
they did so now it would probably not be enough to avoid the worst effects of Climate Change, and it is highly uncertain that any targets that are set would be credible. Download the PDF

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