There is still a lot of knowledge and methodological expertise that needs to be collected. However, that is no excuse for putting off addressing climate risk. For another, you should view green finance as an opportunity. It is also about acquiring market share – about who is able to meet the growing demand for sustainable financial services.
Given the enormous rise in public deficits and the strain this will put on future budgets, the fiscal exit strategy will have to kick in as soon as the recovery has firmed up, which means no later than 2011. Reigning in deficits will require significant improvements in the structural balance ratio.