Banks Make Little Headway in Addressing Climate Change

Natural disasters in 2024 triggered a record year of insurance pay outs totaling $8.55B. Craig Stewart, vice-president of climate change and federal issues at (Bloomberg) -- The world’s largest banks are showing little progress when it comes to their promise of helping the world avoid the worst consequences of global warming.According to researchers at BloombergNEF, the ratio of spending on low-carbon infrastructure relative to fossil fuels needs to reach 4 to 1 by 2030 to limit climate..