The COP has also created tools to prevent climate doomsday. Such economic tools as voluntary and compliance carbon markets, carbon credits, green bonds and other green assets tied to positive environmental impact play a crucial role in decarbonization global efforts. However, they are often inaccessible to small and medium-sized companies from developing countries. The main reasons are high upfront costs and complex structuring processes in line with global green standards. Positive and negative impacts on the environment have to be forecasted and described according to approved methodologies. This information is used for the future monitoring and reporting and is verified …

“Good ideas out of context are like shiny objects lost in a dark field,” American writer Seth Godin once said. “They catch your attention, but have no real utility.” Brazilian President Luiz Inácio Lula da Silva and Argentine President Alberto Fernández have been making headlines for a proposal to create a common currency between Argentina and Brazil. The idea for a common currency arose about 25 years ago in an article written by two renowned economists and, in the context of the time, made sense. This idea has now been resurrected as a political opportunism play with a hint of …