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Global finance must face climate challenge

2015-05-28 10:59:00| Climate Ark Climate Change & Global Warming Newsfeed

Eco-Business: The world's financial system must undergo comprehensive change by 2035 if humanity is to make the transition needed to reduce the threat of dangerous climate change, according to a new report by the United Nations Environment Programme (UNEP). The report, on an inquiry into aligning the financial system with sustainable development, says finance must be focused on moving investments into low-carbon projects. It quotes World Bank estimates that investments of more than US$90 trillion will be...

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