Climate Bonds Initiative's mission is to grow capital into climate solutions
by promoting green bonds to investors, primarily
pension and insurance
funds filled with trillions of dollars of investment - ready capital.
Means - tested pensioner benefits will be swept away to
fund this new «citizen's
pension» and the reform will, it is said, be
funded by the later retirement age and abolishing the complex bureaucracy that administers the humiliating process of form -
filling that stands between pensioners and top - up benefits.