The World Bank is expected to have a significant impact on how the financing of the energy transition is done, potentially dwarfing the pledged efforts of Wall Street behemoths like JPMorgan Chase & Co. or BlackRock Inc. to assist in reducing emissions, as reported by Bloomberg.
Catastrophic global warmingIn fact, the money lying on the balance sheets of financial institutions may never be reallocated to climate-positive projects at the scale necessary to halt...
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