Zero
How the Financial System Can Work for Climate, Not Against It
“Developing countries have said the number we need is $1 trillion. Developed countries have said, ‘That’s not coming from our budgets,’” says Avinash Persaud of Inter-American Development Bank on this week’s Zero episode.
Steel bars at a shop in Noida, Uttar Pradesh, India, on Tuesday, April 1, 2025.
Photographer: Anindito Mukherjee/BloombergOnly a small fraction of global clean-energy spend reaches emerging economies. How to move more money quickly to developing countries is one of the key questions of the transition.
So for the next three episodes of Zero, we’ll be continuing our Moving Money series, focusing on costs of capital, multilateral development banks and the role of the private sector.