Carbon News
  • Members
    • Login
      Forgot Password?
    • Not a member? Subscribe
    • Forgot Password
      Back to Login
    • Not a member? Subscribe
  • Home
  • New Zealand
    • Politics
    • Energy
    • Agriculture
    • Carbon emissions
    • Transport
    • Forestry
    • Business
  • Markets
    • Analysis
    • NZ carbon price
  • International
    • Australia
    • United States
    • China
    • Europe
    • United Kingdom
    • Canada
    • Asia
    • Pacific
    • Antarctic/Arctic
    • Africa
    • South America
    • United Nations
  • News Direct
    • Media releases
    • Climate calendar
  • About Carbon News
    • Contact us
    • Advertising
    • Subscribe
    • Service
    • Policies

Larry Summers' trillion-dollar climate spending plan

12 Oct 2022


Larry Summers — who spent the last year-and-a-half warning about easy money and inflation — is calling on the World Bank to loosen its lending limits to combat climate change and think in the "trillions not the billions."

The big picture: Summers wants the U.S. to increase its capital contribution to the bank by $5 billion. With a total of $30 billion in new capital from across the globe, along with a revamped financial model, Summers argues that the bank could lend some $100 billion per year, with much of it directed towards energy projects.


... login or subscribe for full story

Related Topics:   Carbon News world Green finance

More >
International
More >

18 new countries ratify High Seas Treaty at 2025 UN Ocean Conference

Today 11:00am

On the first day of the United Nations Ocean Conference (UNOC) in Nice, France, on Monday, 18 new countries ratified the High Seas Treaty for a total of 49 — just 11 shy of the 60 needed for the agreement to be enforced.

EPA to propose rolling back climate rule for power plants Wednesday

Today 11:00am

It marks an escalation in President Donald Trump’s effort to purge climate initiatives from the federal government.

Ahead of UN climate talks, Brazil fast-tracks oil and highway projects that threaten the Amazon

Today 11:00am

Months before hosting the U.N.'s first climate talks held in the Amazon, Brazil is fast-tracking a series of controversial decisions that undercut President Luiz Inácio Lula da Silva’s lofty environmental rhetoric and show widening divisions within his cabinet.

Israel deports activist Greta Thunberg after military seized Gaza Freedom Flotilla ship

Today 11:00am

Israel deported activist Greta Thunberg on Tuesday, the country's Foreign Ministry said, a day after the Gaza-bound ship she was on with 11 other people was seized by the Israeli military.

With the right support, green solutions can thrive and power a better world

Today 11:00am

COMMENT: Clean-energy enterprises do far more than cut emissions; they create jobs, increase food security and farmers' incomes.

Explainer: How human-caused aerosols are ‘masking’ global warming

Today 11:00am

Human-caused emissions of aerosols – tiny, light‑scattering particles produced mainly by burning fossil fuels – have long acted as an invisible brake on global warming.

New Zealand is failing to protect its vast ocean resources. We owe it to the world to act

Wed 11 Jun 2025

Less than 1% of our country’s seas are highly protected and the damaging practice of bottom-trawling must be restricted.

Credit: International Institute for Sustainable Development

A credible UN carbon market needs rules that count – we’ve just set them

Wed 11 Jun 2025

COMMENT: The broad standards for a more ambitious market are now in place. But without a steady flow of investment, this progress will remain largely on paper.

US declares Biden fuel economy rules exceeded legal authority

Wed 11 Jun 2025

The agency last year said the rule for passenger cars and trucks would reduce gasoline consumption by 64 billion gallons.

Carbon capture projects promise a climate fix – and a fossil fuel lifeline

Wed 11 Jun 2025

Governments across Southeast Asia are looking at carbon capture and sequestration (CCS) as a way to meet climate targets.

Carbon News

Subscriptions, Advertising & General

[email protected]

Editorial

[email protected]

We welcome comments, news tips and suggestions - please also use this address to submit all media releases for News Direct).

Useful Links
Home About Carbon News Contact us Advertising Subscribe Service Policies
New Zealand
Politics Energy Agriculture Carbon emissions Transport Forestry Business
International
Australia United States China Europe United Kingdom Canada Asia Pacific Antarctic/Arctic Africa South America United Nations
Home
Markets
Analysis NZ carbon price
News Direct
Media releases Climate calendar

© 2008-2025 Carbon News. All Rights Reserved. • Your IP Address: 216.73.216.48 • User account: Sign In

Please wait...
Audit log: