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Opinion

Averting climate catastrophe is a huge investment opportunity

Private sector financing and innovation vital to lowering carbon emissions

Stephanie von Friedeburg and Alfonso Garcia Mora
| East Asia
A flooded street in Jammu, India, pictured on July 26: one of the indications that the impacts of climate change are becoming more frequent and intense.   © AP

Stephanie von Friedeburg is senior vice president, operations, at International Finance Corp. Alfonso Garcia Mora is IFC vice president for Asia and Pacific.

The droughts and monsoon floods that have pummeled Asia in recent years are a clear indication that the impacts of climate change are becoming more frequent and intense.

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