The Climate Financialization Trap: Claiming for Public Action

Abstract

This opinion paper aims to offer a critical assessment on the prevalence of solutions to the climate change problem that rely on climate finance. The paper briefly recalls the key milestones in the evolution of climate finance and highlights what is referred to as a “climate finance trap,” offering some crucial insights that might help remedy potential systemic distortions and that vehemently demand public action in the domain of climate policy.