With Climate Losses Rising, Central Banks Push Greener Finance
By Editor - Wed Apr 17, 8:27 am
The move led by the Bank of France, Bank of England and People’s Bank of China draws the group deeper into a controversial area of policy-making where they advocate funding for alternatives to fossil fuels. The U.S. Federal Reserve and Banco do Brasil were the most prominent institutions not involved in the initiative, reflecting doubt about climate science voiced by Presidents Donald Trump and Jair Bolsonaro.
Go here to read the rest: