The London School of Economics and a group of financial services companies have called for the transformation of the $500tn global financial system to ensure climate goals deliver more and better jobs, gender equality, community renewal and universal access to energy.
In a report by the Just Transition Finance Lab, an initiative of the LSE’s Grantham Research Institute backed by Barclays, HSBC and others, Nick Robins, executive director of the JTFL and lead report author, called on the financial world “to price in just transition requirements and allocate capital to achieve this across the nearly $500tn in assets in the global financial system”.
