A Green Marshall Plan For Poor Nations? A Great Idea, But Who Will Jump In First?

At the end of World War II, the United States implemented the Marshall Plan, the biggest economic recovery act the world had ever seen and which was designed to get a war torn Europe back on its feet. Nearly a century later, as we experience the hottest summer on record and climate catastrophes around the world, is it time for a Green Marshall Plan for poor nations?

Recently I was excited to read about how various top government leaders from Brazilian President Luiz Inácio Lula da Silva to U.S. Treasury Secretary Janet Yellen insisted that now is the time to greatly expand the lending capacity of the International Monetary Fund, the World Bank and other development banks to finance such a Plan.