BoE Puts Capital Markets At Forefront Of Climate Fight
Law360, London (October 16, 2020, 2:46 PM BST) -- The move toward a green economy is paying dividends, and the financial sector must take advantage of that progress by focusing on sustainability in capital markets, a central banker said on Friday.
Properly functioning capital markets are "amongst the most powerful tools we have" in the fight against global warming, Andrew Hauser, the Bank of England's executive director for markets, said.
"Cold hard facts" point to the fact that championing sustainable assets and investments is good for the market, Hauser said. He also set out a plan for how to keep pushing the green economy forward.
The COVID-19 pandemic has changed financial markets and...
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