Banks and the Climate Crisis

Almost 80% of the primary energy demand globally comes from fossil fuels. However, fossil fuel production and use must decline rapidly and drastically to keep global heating below 1.5°C. This target was set in the Paris Agreement 2015 and underpinned by the recent IPCC report, which predicts otherwise drastic consequences such as heatwaves, floods, forest firest, and food and water insecurities.

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