What would the perfect climate-change lender look like?
Welcome to a second Bretton Woods
Imagine, for a second, that you are a guest at the Mount Washington Hotel in the ski resort of Bretton Woods, New Hampshire. You have arrived to enjoy neither the slopes nor the hotel’s 18-hole golf course. Instead, you are here for the sort of conference that reimagined the international financial system at the end of the second world war. This time there is a green twist. Your job is to give the Bretton Woods twins—the imf and the World Bank—a sister in the form of a perfect climate-change lender.
Explore more
This article appeared in the Finance & economics section of the print edition under the headline “A new Bretton Woods”
Finance & economics February 25th 2023
- The world’s interest bill is $13trn—and rising
- Xi Jinping’s next overseas-lending revolution
- Big Asian economies take on the forces of international capital—and win
- Despite the bullish talk, Wall Street has China reservations
- What war has done to Europe’s economy
- What would the perfect climate-change lender look like?
From the February 25th 2023 edition
Discover stories from this section and more in the list of contents
Explore the editionMore from Finance & economics
Europe could be torn apart by new divisions
The continent is at its most vulnerable in decades
How corporate bonds fell out of fashion
The market is at its hottest in years—and a shadow of its former self
An American purchase of Greenland could be the deal of the century
The economics of buying new territory
China’s markets take a fresh beating
Authorities have responded by bossing around investors
Can America’s economy cope with mass deportations?
Production slowdowns, more imports and pricier housing could follow
Would an artificial-intelligence bubble be so bad?
A new book by Byrne Hobart and Tobias Huber argues there are advantages to financial mania