For decades, finance has been the (often unspoken) lynchpin of climate action. In the U.S., for example, innovative tax mechanisms helped finance wind and solar power, turning them into the powerhouses they are today. In global climate talks, the promise of funds for emerging economies has helped advance climate negotiations in thorny moments. [time-brightcove not-tgx=”true”] Next year, expect finance to take center stage in climate conversations. Even if central banks stop raising interest rates or even lower them, the cost of raising capital will remain high, making finance a key challenge for project developers to overcome. Meanwhile, emerging global economies will continue to
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