World’s bankers take climate pledge. Will they follow through?
President Joe Biden’s Leaders Summit on Climate last week featured many of the usual suspects for international environmental gatherings. There were the heads of state, from Japan to South Africa, making promises to reduce their countries’ carbon emissions. There were the cabinet members and special envoys, all promoting new climate-friendly initiatives. And there were the advocates, urging everyone else to do more.
But there was another key constituency with pledges and calls to action, a group somewhat new to the green spotlight.
These were the financiers. And their role last week was yet another sign, many climate experts say, that those who control the world’s private money – from bank CEOs to asset managers to celebrity investors – are slowly moving toward the center of the world’s fight against
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