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terms of the environment (and vice-versa). The second part focuses more on issues of structural adjustment related to the transition towards a greener economy. It finds that green growth policies could lead to significant re-allocation of resources within and across broad economic sectors. From Climate Finance to Financing Green Growth, Project Catalyst, November 2010115 This document outlines the benefits of green growth and the importance of developing the right policies to support a transition towards the low-carbon economy. It assesses the financing needs of green growth in developing countries, the role of the financing described by the Un High Level Advisory Group on Climate Change Financing (AGF), and how the climate finance system should develop over the next decade. It concludes by illustrating why climate finance needs to be framed in the wider context of growth and development finance. From Innovation to Infrastructure: Financing First Commercial Clean Energy Projects, CalCEF Innovations, June 201019 For many clean energy companies, the struggle to find a source of project finance for early commercial scale projects has proven, and will continue to prove, to be the proverbial “valley of death.” This financing challenge threatens the development and deployment of the very technologies best poised to address the myriad energy and environmental challenges. This paper analyzes the features of this funding challenge, and proposes actionable solutions for both the public- and private-sector participants in the clean energy transition. It also seeks to both describe the specific reasons why the valley of death exists, and to explore a range of policy and market solutions that can help to bridge it. The Future of Finance, Turner, A., et.al., 2010430 This book shows an innovative approach to reform the world’s financial system. The complexity of the existing financial system is not positively correlated to its functionality. The proposed analysis investigates the relationship between finance and the real economy, identifying its most crucial issues and highlighting how credit supply and price volatility lead to unstable bargains. The book discusses drastic remedies such as the restructuring of incentives by regulators in order to discourage executives with responsibility for risk-management from “gaming the state”. The authors argue that since outside supervision is likely to fail, the best way to achieve this result is to make management liable in the event of bankruptcy or state rescue. The books focuses on the public interest and on the crucial point of abandoning the idea that shareholder interests alone count. Aligning the interests of those who work in the financial sector with those of creditors would not solve every problem in the industry, but it is the best way to realign incentives. German Climate Change Policy: A Success Story With Some Flaws, The Journal of Environment & Development, Volume 17, Number 4, 2008358 This article discusses the various factors behind Germany’s climate change policy leadership. Germany is one of the leading countries in Europe, as well as globally, in