Publication

This paper examines reasons for the international deadlock in climate change negotiations and explores potential strategies aimed at finding effective solutions. Presuming that the required financing will not be forthcoming until there is consensus on the details of the expenditures, the paper presents a global package of expenditure ideas. Using the examples of the euro and sovereign debt relief, the paper argues that similar ‘out of the box’ thinking is required for this global challenge. Based on a brief review of the wealth of potential innovative financing mechanisms, the author suggests a financing initiative which minimizes the loss to any particular state.