Author: Editorial Board, ANU

More than US$35 trillion in investment will be required over the next decade to win the battle against climate change. Most of the world’s governments have nowhere near the fiscal space to fill that gap. While many are celebrating the return of US leadership on climate change, it will be US President Joe Biden’s ability to catalyse private finance that will determine the success of his leadership, both economically and in garnering enough domestic and international political support behind the cause of climate change.