Davos, home of the 50th World Economic Forum, for the first time ever, is focusing on Climate Change and shaking up existing financial investment strategies.
The president of the USA called people with concerns for the climate “prophets of doom”. Well, there is some truth to that. There is no denying the science, so clearly no one’s found a way to communicate it in a cheerier, more consumable way.
It is no wonder that our economy continues to be powered by fossil fuels, because the oil and gas industry has attracted $1.45 trillion1 in investment and $4.7 trillion2 globally in subsidies.
Banks and governments need to make the effort to identify ways to meet their investment goals through clean energy.
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