Getting finance onside to meet climate challenge ...Qatar

The world has finally awoken to the existential imperative of securing a rapid transition to a green economy. Finance will play a pivotal role in that process. But while financial institutions have made a big show of doing their part – issuing green bonds and installing green lightbulbs – far too many continue to provide capital to the fossil-fuel industry and support other parts of the economy that are incompatible with a green transition. Such financing actively fuels the climate crisis. Many of these investments are long-lived. Discovering, developing, and fully exploiting a new oil field takes decades, stretching well beyond the horizon in which the world must become carbon neutral to p

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