Take on Tomorrow - Can capital help solve climate change?

Can capital help solve climate change?

12/12/22 • 24 min

Can you make green by going green? Could incentives be reimagined to align the power of the profit motive with the interests of the planet? Several green initiatives involving trillions of dollars in assets are already reconfiguring capital markets. But can this approach work?

Ayesha and Lizzie are joined by Alison Rose, the CEO of NatWest Group, and Andrew McDowell, a Strategy& partner with PwC Luxembourg, and former vice president of the European Investment Bank. We’ll learn why one of the biggest banks in the UK is prioritizing the fight against climate change, what it means in concrete terms, and what financial institutions around the world can learn from the decision.

Previous Episode

How should business adapt to support a world on the move?

We live in a world of greatly increased mobility—of information, of goods and services, and of the world’s 8 billion people. We move for all sorts of reasons, and that movement can create challenges—but also opportunities. In fact, could a world on the move provide solutions to some of the challenges we face?

This week, hosts Lizzie O’Leary and Ayesha Hazarika talk to Parag Khanna, author of Move, a book that examines current trends shaping migration and its historical precedents, and predicts an increasingly mobile future. Dion Shango, PwC’s territory senior partner for Africa Central and Southern Africa, discusses how those trends are playing out now—and what business should do to adjust and prepare.

Next Episode

How can CEOs win today’s race while running tomorrow’s?

Today’s tensions vs. tomorrow’s threats: how can CEOs master the balancing act? Find out—and hear the big takeaways from our 2023 CEO Survey. Listen now.

Take on Tomorrow - Can capital help solve climate change?

Transcript

Alison Rose: Banks don’t deserve to exist unless they’re adding value and can add something to their customers. We support millions of businesses and millions of customers who every day are making choices that will affect the planet, will affect climate.

Andrew McDowell: The more the financial sector is willing to reduce the cost of capital for areas like clean energy, clean transportation, the more ambitious policymakers can become.