Nifty idea 4 fossil fuel subsidy reduction bond http://onlinelibrary.wiley.com/doi/10.1111/j.2050-5876.2014.00800.x/abstract … But careful of the big numbers! http://www.globaldashboard.org/#article/21635 @davidsteven
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@MForstater Wld be interested to see a worked through example - guess this would be aimed at poor/fragile import dependent countries.
@davidsteven Yes. I wonder how credible AAA rating for this cld be, with savings on FF subsidies so embedded in public budget @peteogden
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@davidsteven@PeteOgden - political economy aspect v. interesting though - a way of making FF subsidy savings visible. - 1 more reply
New conversation -
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@MForstater@davidsteven Thx for good feedback. AAA rating is just standard WB bond issue. Yes, some risk, but that's Bank role here. (1/2)Thanks. Twitter will use this to make your timeline better. UndoUndo
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@MForstater@davidsteven Analag. to IMF conditioning grants on ff reform, but aim is that feels less like an imposed austerity measure (2/2)Thanks. Twitter will use this to make your timeline better. UndoUndo
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