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This is why a serious step of fighting climate crisis is the creation of monetary finance framework that can shift existing capital as well as allocate new capi
by dv_dt 7y ago
This is why a serious step of fighting climate crisis is the creation of monetary finance framework that can shift existing capital as well as allocate new capital in a distributed and scalable way. A National and International Central Climate Bank that is a mix of existing finance, with new climate constraints and community management organization.
This kind of framework definition has happened multiple times in our economic history.
Edit: some private capital is starting to move to address climate crisis too. e.g. Blackrock. We'll see if this is just greenwashing or not. I don't think Blackrock really needs the publicity of it one way or other.
https://www.marketplace.org/2020/01/14/blackrocks-new-investment-strategy-sustainability/ https://www.marketplace.org/2020/01/14/blackrocks-new-invest...
https://www.marketplace.org/shows/corner-office-from-marketplace/blackrock-ceo-wants-companies-make-positive/ https://www.marketplace.org/shows/corner-office-from-marketp...
https://www.blackrock.com/us/individual/investment-ideas/sustainable-investing https://www.blackrock.com/us/individual/investment-ideas/sus...