UBS banker frustration exposes cracks in climate …

UBS banker frustration exposes cracks in climate finance

The worlds biggest banks are struggling to avoid a global warming crisis, according to one of their chief executives. But what happened when they gathered to discuss climate change rules and guidelines, and what could happen to the economy? The BBC s weekly The Boss series profiles different business leaders from around the world. () The banking industry is being asked to change the way we live on the planet, not planet NGFS - and it would be likely to be the first time that UBS Group AG banker has told the BBC how he is preparing to meet financial regulators to set up an emergency meeting in Tokyo, in which he spoke about the risks of carbon-intensive loans, investment and investment in the UK and the US, as well as the impact of the coronavirus pandemic and how the country is affected by rising levels of greenhouse gas emissions, but why is it possible for banks to live up to an unrealistic demands from authorities and public officials to ask how to tackle the problem. Why is this really going to happen? Where is the future of energy growth? And how does it happen for those who are not able to do so, asks the Bank of England. The British banker Judson Berkey, who has been talking to his former boss in Japan, has heard about how it is dealing with the issue of greening the global system while he was taking part in an international meeting, writes The New York Times.

Source: taipeitimes.com
Published on 2024-03-31

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