TAG: Financial capital

Financing Change

Financing Change

Financial markets have a reputation for being the playground of the greedy and self-serving. However, this attitude towards financial markets is slowly changing as this sector seeks to become a stakeholder in the fight against global warming. In what may be said to be the development of conscious capitalism. International instruments such as the Kyoto protocol have developed a framework for financial services providers to assume a role in the fight against climate change by facilitating carbon trading, and financing climate adaptation. Furthermore, the financial sector seems to be enthusiastically involved in the fight against global warming. The involvement of… read more