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The report, titled Bankrolling Extinction, was produced by portfolio.earth, a new initiative by environmental, finance, and economics experts to learn more about the finance industry’s impact on climate change.
Prof Kai Chan of the Institute of Resources, Environment and Sustainability at the University of British Columbia explains that, currently, global banks sit at the center of a network of destruction, but with swift change, could find themselves at the center of a thriving sustainable economy.
“A global sustainable economy sits at the center of humanity’s much-needed transformation to meet the climate and ecological crises. And at the center of that sit the banks and the finance institutions whose investments power development around the globe,” he said.
Experts have found that investing in industries with sustainable practices could save trillions of dollars and offer net savings to governments and investors.
Chan dreams of a day where corporations and banks investin projects that will be a net benefit to humans, the environment, and the economy. “Imagine a world in which projects can only raise capital when they have demonstrated that they will contribute meaningfully and positively to restoring the planet’s bounty and a safe climate for all? That’s the future this report envisions and builds toward,” he said.
By Nilanga Jayasinghe, Manager of the Wildlife Conservation team at World Wildlife Fund Imagine living in a modern, densely populated city. On any given morning, you might expect to look out your window and see a stream of cars and pedestrians on their daily commute, bustling shops and restaurants selling their wares, or perhaps local […]
Guest Post by Azzedine Downes, President & CEO, International Fund for Animal Welfare IFAW has long been a leader in recognizing the inherent link between biodiversity and climate change, the existential threat both issues pose to life on our planet, and the critical need to address both these threats together. This week, the results of […]
President Biden: "Watch out for the cicadas. I just got one – it got me." pic.twitter.com/jfrik4bgpB — The Hill (@thehill) June 9, 2021 If you live in Washington, D.C. the cicadas are hard to ignore. But this week their mating-frenzied existence reached new levels of intrusion in day-to-day DC. On Tuesday evening, as AP’s Jonathan […]
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