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Green finance was supposed to contribute solutions to climate change. So far, it’s fallen well short

  • Written by: Simon O'Connor, Director, Sustainable Finance Hub, The University of Melbourne
Green finance was supposed to contribute solutions to climate change. So far, it’s fallen well shortRobb Miller/Unsplash

A decade ago, a seminal speech by Mark Carney, then governor of the Bank of England and current Canadian prime minister, set out how climate change presented an economic risk that threatened the very stability of the financial system.

The speech argued the finance sector must deeply embed climate risk into the architecture of...

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