IFFS PLAY

Reducing emissions and combatting climate change now will be of huge value for the coming generations. In principle this value could be used to fund the huge green investment loans needed today in order to reduce emissions and stop global warming. All we need is a tool to transfer value from the future, to the present. So argues John Broome, professor emeritus in moral philosophy at Oxford University, one of two moral philosophers involved in the work of the IPCC – The United Nations Intergovernmental Panel on Climate Change. And he has a suggestion: A Climate Bank modeled after the World Bank and IMF, institutions that was set up after the Second World War in order to grant countries big long term loans to rebuild infrastructure devastated by the war. In this conversation with Gustaf Arrhenius, professor in moral philosophy and director of the Institute for Futures Studies, he expands on this idea.