Everything News Jobs Opportunities Events Products/Services
more
 
About
Go to Home
Sign Up Sign in

The Low Carbon Economy Ltd

03 Feb 2009 06:02:16

Lord Stern: Banks have role in low carbon economy



Lord Stern: Banks have role in low carbon economy
Assisting the transition to a low carbon economy could help banks recover their status and profits, according to a climate change expert.

Lord Stern, who first placed climate change in an economic setting with a report in 2006, said that financial institutions would be essential to building a low-carbon infrastructure, reports the Times.

"Banking could do very well as Britain moves to a low carbon economy," the newspaper quotes him as saying at the World Economic Forum in Davos.

"There will be lots of business opportunities and Britain’s bankers are particularly strong in this area. They have been very creative over all kinds of issues and they could do it again in the financing of green initiatives."

One man who was ideally placed to make the connections between the financial world and combating climate change has been forced to focus exclusively on the economy.

Lord Turner of Ecchinswell, who was the chairman of the Climate Change Committee and the Financial Services Authority has told the Times that tackling both issues is too much in the current economic climate and that he will be focusing on revising financial regulation.



http://business.timesonline.co.uk/tol/business/economics/...


ADNFCR-1235-ID-19006716-ADNFCR


Discussion Thread  

 


Related Categories

Clicking a category below will direct you to a list of related information

Skip Navigation Links.

The Low Carbon Economy Ltd Community



Related Items From Everyone


  1. The chancellor's 2009 Budget has provoked a wide range of responses from renewable energy groups...

    23 Apr 2009
  2. Hydrogen as new energy carrier in marine applications

  3. Burying waste in the ground is one cause of ground water pollution and is a waste of resources...




Go To Home

Resource Links

We're social: View Available Feeds Find out more! Leave us your feedback

RSS



We appreciate all feedback. Please leave as much or as little as you like about any aspect of this website.

If your message requires a response, please leave your email address.