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Green Finance Isn't Going Where It's Needed

Poor countries pay a higher price to raise money for green investments. We'll all pay the price if they don't get the support they need.

People wade across a submerged road following flash flooding in the semi-arid northern town of Isiolo, Kenya

People wade across a submerged road following flash flooding in the semi-arid northern town of Isiolo, Kenya

Photographer: TONY KARUMBA/AFP via Getty Images

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Some of the finance world’s biggest climate champions may be undone by a relatively small part of their portfolios: emerging market debt.