Environment & Energy
Related: About this forumKerry to Wall Street: Put your money behind your climate PR
Climate envoy John Kerry is prodding major U.S. banks privately to announce commitments for climate-friendly finance as part of the administration's climate change policy rollout at President Joe Bidens Earth Day summit next month, according to people familiar with the conversations.
The push which could include a new executive order on climate finance comes as Kerrys team and the White House scramble to line up new announcements for Bidens April 22 Climate Leaders Summit, where countries will be watching for the new president to take action to put the U.S. at the forefront of global efforts to fight climate change.
Kerry is leveraging personal relationships with Wall Street players as well as banks' broad public promises to help fund climate efforts that they made alongside their pledges to achieve net-zero emissions by 2050 or align with the goals of the Paris Climate Agreement.
Theres an urgency in the timing, said Rachel Kyte, who led sustainable development at the World Bank and was its special envoy for climate change. Its a political hot potato that Kerry is dealing with.
https://www.msn.com/en-us/money/news/kerry-to-wall-street-put-your-money-behind-your-climate-pr/ar-BB1ewPee?li=BBnb7Kz
JudyM
(29,233 posts)anyway ... because global footprints matter in the urgency of the climate crisis.
A self created urgency after never starting something has always been my experience
blm
(113,043 posts)He is the right person to get meaningful, global support to address the worldwide climate crisis.