Miquel Munoz Writes in TripleCrisis to Suggest ‘Climate Change Lottery’

Dr. Miquel Munoz, Post-Doc Research Fellow at the Boston University Frederick S. Pardee Center for the Study of the Longer-Range Future, wrote a guest post at the TripleCrisis blog introducing the idea of instituting an international lottery to raise resources for combatting global climate change.

Titled “International Climate Change Lottery: a financing mechanism that could actually be agreed in Cancún” the post argues that “a climate change lottery is politically and technically feasible, with no fundamental problems preventing its agreement in Cancún. If the climate lottery captures 0.5-1% of the market, it would provide climate finance in the order of US$300-600 million/year. This is only a tiny fraction of the climate funding needed, but still more, in a single year, than what the Adaptation Fund has raised in almost a decade.”

Dr. Munoz also suggests that “Lottery could have ancillary benefits, notably education on climate change. This information could be conveyed through the lottery advertising, the local selling stores and the tickets themselves.”

Read full blog post here: Miquel Munoz in TripleCrisis – International Climate Change Lottery: a financing mechanism that could actually be agreed in Cancún.

The post was subsequently re-published on Thompson Reuters Foundation’s AlertNet website.