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Standard & Poor's Underscores 28 Risks in Climate-Change Finance
2010-10-05 11:16:43.929 GMT
By Mathew Carr
Oct. 5 (Bloomberg) -- Standard & Poor's LLC said a meeting
of development agencies, investment banks and insurers
underscored 28 risks associated with financing climate-
protection projects.
The risks falls into four categories relating to policies,
capacity, transactions and projects, according to a statement e-
mailed by S&P and Parhelion Underwriting Ltd.
"Since international policymakers view the mobilization of
substantial amounts of private sector capital into climate
change financing within the next two years as a major priority,
we see the results of this risk-ranking exercise as a useful
illustration of the obstacles that need to be cleared," Julian
Richardson, chief executive officer of Parhelion Underwriting,
said in the statement.
S&P is the credit-rating unit of New-York based McGraw-Hill
Co.
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--Editor: Mike Anderson.
To contact the reporters on this story:
Mathew Carr in London at +44-20-7073-3531 or
m.carr@bloomberg.net
To contact the editor responsible for this story:
Stephen Voss at +44-20-7073-3520 or sev@bloomberg.net
