Forum. Calls to profoundly change the face of the global economy are constantly expanding. States and businesses, arrested by the citizens to give the boost necessary for the construction of a low-carbon economy, seek to respond for many years to these calls. But the account is not there.
This is what we were reminded with force three weeks ago more than 15,000 scientists from around the world (Le Monde, 14 November). What do they tell us ? As the time release, that it will soon be too late, that at this rate, we will not achieve the objective of keeping global warming below 2 °C by the end of the century.
Engine of the economy and at the crossroads of all the actors, the bank is able to change the game
And therefore, we will not be able to respond to the unprecedented challenges that we are facing : access to safe drinking water, sustainable agricultural model capable of feeding the entire population, management of migration flows caused by climate change… without denying the right of emerging countries to a profitable development of their people.
In this race against the clock, the banking and financial sector must be at the forefront of the construction of the low-carbon economy. The engine of the economy and at the crossroads of all the stakeholders – individuals, businesses, and investors, the bank is able to change the situation. Through its levers of funding and investment, it can push with force its customers to commit themselves to meet the urgency of the situation.
Finance massively the sectors of the future
How ? Funding, of course, massively the sectors of the future – such as renewable energy and energy efficiency – while supporting companies that are engaged in adapting their strategy to the climate issue.
the solutions are there, at a reasonable cost, and do not expect…