[Insurance]

It demonstrates a piece of the story but one shouldn’t get too refined. It shouldn’t come as a surprise to us that Indonesia and Brazil perhaps struggle most or more than others to really figure out how stimulus programs that really need to be focused on bringing out people out of poverty very quickly, may not pay sufficient attention to the green side of the story. But perhaps that changes as we move from stimulus to recovery. When we start thinking about recovery — once talking about somewhat longer-term financing, not emergency money out of the door to enable people to buy food — there one would expect the likes of Brazil and Indonesia to step up to the plate and really show that there are structural transformation drivers built into the way in which they’re financing the recovery. How do you drive that change toward a greener finance? Multiple routes. Obviously, it is a set of policy drivers that determine largely where public financing goes. Let me perhaps turn to a different important link part of global finance, which is debt and, specifically, sovereign debt. As those who follow the news at least in the financial press will be aware. The pandemic has brought with it not only economic chaos and downturn but also a growing crisis in the sovereign debt market and in particular in sovereign debt that has effectively developing countries as debtors.

https://news.mongabay.com/2020/11/nature-is-next-qa-with-finance-for-biodiversitys-simon-zadek/