Editorial

Global climate policy produces many big ideas that end up failing because of minor issues. This could also be the fate of the „Bridgetown Initiative“ of the Prime Minister of Barbados, Mia Mottley, to use special drawing rights to finance global climate action. The Deutsche Bundesbank is not playing along, and the ECB is also skeptical, as Bernhard Pötter found out. But without a green light from the central banks, it will be difficult.