The surge in investor demand for “green finance” is good news for the environment, representing a potential reservoir of urgently needed funds to stabilize the climate. But is green finance really the answer? Possibly, but not without substantial reform and regulation, starting with a clearer definition of what it is—and isn’t.
Lake Titicaca, spanning the border between Peru and Bolivia, is critical to supporting the livelihoods of 3 million people. That makes it all the more alarming that this year it was named the “Threatened Lake of the Year” by the Global Nature Fund and the Living Lakes Network, for the second time in just 11 years.
Flaws in last year’s groundbreaking Inflation Reduction Act, designed to speed the U.S. energy transition, could end up slowing the adoption of electric vehicles. The IRA’s tax incentives for EVs exclude major potential suppliers of critical minerals, including Argentina, where the lithium sector is growing explosively.
