Ken Silverstein on Forbes writes that banks are betting that they can boost profits while going zero-carbon.
- Banks are looking to finance zero-carbon projects.
- Banks are facing pressure within their own sector to finance clean energy projects.
- The free-market is leading the way to lower emissions, we should continue to empower them.
“Banks want to make loans to creditworthy customers. But if those projects are burdened by unreasonable climate risks, they may get rejected. That gives the edge going forward to clean energy investments.”
Read the full article here.