Sustainable finance: Do we have to reinvent the wheel?

Are we missing a trick by not tweaking tried-and-true instruments for sustainable finance? Can we talk more broadly about commercial viability? And then, of course, there’s Goldman Sachs.

When it comes to finding private-sector financing solutions for social and environmental challenges, do we need to reinvent the wheel? I’m beginning to wonder. For example, Gary Kleiman, who runs an emerging markets analysis and advisory firm, has been arguing for many years that we already have the instruments we need for financing refugee-related infrastructure and jobs. 

A sovereign bond dedicated to job creation for refugees or job creation to reduce migration would be perhaps a simpler solution than finding small impact investment opportunities that finance refugee entrepreneurs.

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