https://www.scmp.com/rss/513100/feed Talal Rafi is an economist based in Sri Lanka. He is a regular columnist for the International Monetary Fund on public finance management and a member of the Expert Network of the World Economic Forum. He was a consultant to the Asian Development Bank and is currently a visiting lecturer at the Central Bank of Sri Lanka. He was a director at Ernst & Young Sri Lanka, where he headed its economic development unit and was a member of EY's Global Macroeconomics Team. He was also a member of the... en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Tackling climate change will be the greatest challenge for governments in the 21st century. A colossal US$275 trillion in cumulative spending is needed between 2021 and 2050, according to McKinsey, which translates into US$9.2 trillion a year. Meanwhile, new sovereign borrowing is expected to exceed US$10 trillion this year due to the global economic slowdown. A large portion of bonds will have to come in the form of green bonds for the world to achieve the net zero emissions envisioned in the... https://www.scmp.com/comment/opinion/article/3185464/amid-economic-slowdown-green-bonds-can-help-southeast-asia-stay?utm_source=rss_feed https://www.scmp.com/comment/opinion/article/3185464/amid-economic-slowdown-green-bonds-can-help-southeast-asia-stay?utm_source=rss_feed Sun, 17 Jul 2022 06:15:14 +0000