I see many people talking about how we have to count on the market to save us. I also see many people talking about how the market is failed, how capitalism has failed and we cannot look to it to bring about sustainable solutions. Some go further and say that we need the government to step in and force businesses in line. There is an irony in that last part which I will address.
Continue reading “Financial giants can have a pivotal role for climate stability”
Banks, pension funds and other institutional investors have a key role to play in efforts to avoid dangerous climate change. A limited number of these investors have considerable influence over the Amazon rainforest and boreal forests that are known ‘tipping elements’ in the climate system. Protecting these ‘tipping elements’ should be a priority for investors to help reduce both climate change and systemic financial risks created by it.