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— 05 December 2022 —

Can banks stop climate change?

Economy

Banks and investors have already committed to financing more fossil fuel development than the planet’s atmosphere can safely absorb, according to London-based Carbon Tracker. If we have a chance of keeping average global heating below 1.5°C – a boundary scientists warn us we must not cross if we hope to prevent global catastrophe – many existing fossil fuel development plans will need to be abandoned. In other words, we are past the point of waiting. We must stop additional new fossil fuel development today.

Michael Northrop

Read full article by Michael Northrop in Environmental Finance

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