Posted Sep 30, 2022, 5:38 PMUpdated on Sep 30, 2022 at 6:02 p.m.
Heat records, the worst drought in a century, 50,000 hectares of forests gone up in smoke: this summer will have seen the concrete consequences of climate change multiply. The latter is no longer a risk or a remote hypothesis, it is a tangible, physical reality, which everyone is now witness to, that everyone undergoes. Despite this, our awareness is still slow to translate into concrete actions. However, all parts of the economy will have to evolve and adapt to this new reality.
All of them, including those who do not seem, at first glance, to be on the front line. We are thinking here in particular of the banking and financial sector. While the need to divest from carbon projects is now widely accepted, many of these projects continue to benefit from significant financial support. Thus, between 2016 and 2020, the 60 largest global banks granted nearly 3.4 trillion euros in financing to fossil fuel companies.
