![can-a-new-catalytic-finance-bank-unlock-climate-finance-for-the-global-south.jpg](https://web-assets.bcg.com/dims4/default/858fa9b/2147483647/strip/true/crop/810x810+315+0/resize/146x146!/format/webp/quality/90/?url=http%3A%2F%2Fboston-consulting-group-brightspot.s3.amazonaws.com%2F61%2F67%2F5abc4e8d4e1d867920ce66bbb011%2Fcan-a-new-catalytic-finance-bank-unlock-climate-finance-for-the-global-south.jpg)
Can a New Catalytic Finance Bank Unlock Climate Finance for the Global South?
- Climate change is an existential threat, but a consensus has yet to be reached on how to mitigate climate change and pay for its impact.
- Climate finance initiatives currently swing in favour of the Global North.
- A Global Climate Finance Agency or catalytic bank could help to address this imbalance and draw much needed climate finance investment to the Global South.