Note comments by Sean Kidney.
First time the International Herald Tribune and the New York Times have covered the issue in this fashion. Story begins:
"SINGAPORE — Financial experts may debate how much it would cost to shift the world to a low carbon economy, but they agree on one thing: the amount would be phenomenal. The International Energy Agency in Paris, for example, has estimated that it would take $46 trillion in additional clean-technology investments over the next 40 years to halve carbon emissions by 2050.
Today, funds mobilized to address climate change are primarily coming from the private sector. While there is also some public investment, there remains a clear gap between what is needed to deal with climate change and what is available. How to close that gap has become a subject of intense debate."
Also mentions the Climate Bonds Initiative:
"Sean Kidney, chairman and co-founder of the Climate Bonds Initiative — an international network that advocates raising money through the bond market for climate protection projects — argues that “themed” bonds have long been a way to raise large sums of money for specific purposes."