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Big finance is signed up to the 1.5C goal – but will that mean big money for the green economy?
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Add up the assets of 450 of the biggest financial companies spread across 45 countries and what do you get? A very big number for Rishi Sunak to boast about, that’s what. About $130tn (£95tn) to be precise.
The chancellor, who is kicking off tomorrow’s finance day at the Cop26 conference, will say that 40% of the world’s financial assets is now owned by institutions aligned with the Paris 2015 goal of limiting the increase in global temperature to no more than 1.5C of pre-industrial levels.
That
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