Financing the Low-Carbon Transition
Despite some governments and private-sector actors taking steps to address the threat of climate change, the world is falling further behind in meeting internationally agreed targets for reducing emissions and limiting global warming. To get back on course, more must be done to leverage the power of financial services.
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NEW YORK – If pragmatic minds prevail, governments and the private sector, working together, can usher in a low-carbon economy and help the world adapt to the climate-related transformations already underway. In fact, several developments over the past year have shed light on the role that investors and financial services can play in managing or mitigating the global systemic risks posed by climate change.