Decarbonizing Bank Lending: Moving banks towards a low carbon pathway
Switzer Fellows are invited to join Edie Farwell, Senior Program Director, Climate Solutions, at Confluence Philanthropy, and Patrick McCully, Climate and Energy Director at Rainforest Action Network, for a conversation about climate solutions in the banking industry.
Since the signing of the Paris Agreement in 2016, the United States banking sector has financed $1.9 trillion towards the development of fossil fuel infrastructure – an action that contradicts climate goals released by many of the world’s largest financial institutions. Our window for combatting the climate crisis is becoming increasingly small, and the time for mobilization is now. The Climate Solution Collaborative launched a Decarbonizing Bank Lending initiative to daylight the relationship between large banking institutions and the fossil fuel industry and how investors can play a strategic role in influencing their banks to move towards a low carbon pathway. This webinar will introduce what decarbonizing bank lending is, why it is important, and how individuals and institutions can engage.
Recommended advance readings:
- Rainforest Action Network's report, Banking on Climate Change: Fossil Fuel Finance Report 2020
- Confluence Philanthropy's The Role of Banks in Fighting Climate Change: Decarbonizing the Bank Lending Sector
Advance registration is required. Click here to register, by January 8, 2021.