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Glasgow’s elephant in the room: $1tn a year for emerging markets
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fnlondon.comThe financial sector’s pledges at the COP26 climate change conference in Glasgow rightly came under intense scrutiny. But amid all the hullabaloo, the most important challenge facing the financial industry fell largely below the radar. If it fails to be met, there is no way that the world’s climate change targets can be achieved.
One of the big headlines from the conference was the claim by the Glasgow Financial Alliance for Net Zero group headed by former Bank of England governor Mark Carney that financial firms with $130tn...
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