Can bankers fix their climate problem from the inside? ...Middle East

Quartz - Economy

Big banks have a climate change problem. Although most have long-term decarbonization targets, very few have been willing to restrict their business with high-carbon clients. Globally, banks have lent $4.6 trillion to the fossil fuel industry since 2016.But there are bankers trying to steer their employers into a lower-carbon future.One of them is Carlotta Giacché. As a project finance officer for NORD/LB bank in London, her job is to evaluate proposals for loans to infrastructure projects, including the construction of schools, hospitals, and data centers. Within the last year, she had started asking potential clients to share data related to the proposals’ environmental impacts, and was ab

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Can bankers fix their climate problem from the inside? ...Middle East

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