Hi All
Recently, the financial arguments for mitigating climate change seem to have been gaining strength and momentum. For example, many investment funds are divesting from fossil fuels, renewables are now often the cheapest form of energy generations, fracking companies are going bankrupt, and EVs will soon reach price parity with legacy vehicles.
I just read this story which presents an argument for forcing banks to price climate change into their lending.
I wonder what you think of this proposal?
I also wonder if similar regulation should also be applied to other industries?