Banks key players in low-carbon future, says Stern
3 Feb 2009
Britain’s banking industry might be crippled and reviled, but it is likely to become one of the nation’s key assets in dealing with climate change, according to influential economist Lord Stern.
Speaking at the World Economic Forum in Davos last week, Stern suggested that Britain’s banks and other financial institutions would be an essential element in building the low-carbon infrastructure the country will need if it is to achieve its emission-reduction targets.
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