This chapter delves into how banks hold a key position in providing the significant capital required for the energy transition and climate goals. It emphasizes the necessity of private capital, particularly from banks and investors, in driving the transition forward, with a focus on economic returns and the urgency for financing sustainable projects.
Big banks made big promises to help fight climate change. But as the world warms, those institutions are quietly cooling on their plans.
On today’s Big Take podcast, Bloomberg reporter Alastair Marsh joins host Sarah Holder to break down why banks are rethinking their commitments, and what that could mean for the climate crisis.
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