Subscriber • Opinion

Yes, we need the financial system to fight climate change

By Adam Triggs
Updated June 22 2021 - 4:58am, first published June 21 2021 - 7:25pm
Our success in fighting climate change will hinge on whether our financial system is up to the task. Picture: Shutterstock

COVID-19 has put the size of the climate challenge into perspective. As businesses closed, factories shut, planes were grounded and cars gathered dust in garages, global carbon emissions fell by 7 per cent: about the same fall we need to achieve each year for 10 years if we are to avoid a 1.5 degree increase in global temperatures, according to analysis by Andrew Charlton. Given it took a global economic shutdown to achieve this in 2020, are we up to the task?

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