Breaking Banks
Episode 505: Women in Fintech: Leaning in on The Metaverse & Climate Change
Aug 17, 2023
Theo Lau, Founder of Unconventional Ventures, discusses the metaverse economy and how finance professionals can navigate Web3. The conversation then shifts to the impact of wildfires and climate change in Greece, highlighting the frustration with fossil fuel companies and the importance of collective action in the banking sector.
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Quick takeaways
- In the metaverse economy, finance professionals need to understand the emergent economic models and the risks associated with the metaverse to prepare for the immersive environment.
- The financial services industry, particularly banks, should prioritize sustainability and take action on environmental, social, and governance factors, including providing quick access to financial support for those affected by natural disasters and contributing to reconstruction efforts.
Deep dives
The increasing frequency and severity of wildfires in Greece and its impact on the environment
The wildfires in Greece, as well as other parts of the Mediterranean, have been increasing in frequency and severity. This has caused irreversible desertification in certain areas, leading to the loss of flora and fauna. The fires have also resulted in the displacement of wildlife, such as foxes and bees. The environmental damage requires significant investment in preventative measures and reconstruction, but there's a need to incentivize businesses and governments to prioritize sustainability and take action.
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