Cleaning up: Transforming finance for a net zero world

If we continue with business as usual, the likely erosion of value could be in the tens of trillions of dollars. Transforming finance now can help avoid those losses. The 2021 the Finance Climate Action Pathway report, published by the Marrakech Partnership under the aegis of the United Nations, states: "It is essential that finance and the power of markets are harnessed in the service of delivering a just and smooth transition to a resilient, net-zero-emission global economy that accounts for the climate impacts of its activities." IW's Kathleen Gallagher: Reflections from a week ...