3min chapter

Outrage + Optimism cover image

200. Lifelines VS Deadlines: The Need For Science Based Policy (Part One)

Outrage + Optimism

CHAPTER

The Role of Financial Institutions in the Real Economy

I understand climate change very well. What's our role? Inform the conversation, that's obviously how policy is shaped through debate. We can be very open and honest and blunt to policymakers about where those market failures are. And then more particularly, financial services is often said they're incredibly complicated. I don't believe anyone in the world understands the whole system. But we do lend as an industry approaching $90 trillion to global governments around the world. That stewardship discussion is now absolutely accepted, certainly in Europe. The question about what we do on the sovereign asset class is nowhere near so well explored. By sovereign, you're talking about basically lending money to nations, right?

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