Kerry to Wall Street: Put your money behind your climate PR
2021-03-13 09:26:35 source：Politico
March 12, 2021
Climate envoy John Kerry is prodding major U.S. banks privately to announce commitments for climate-friendly finance as part of the administration's climate change policy rollout at President Joe Biden’s Earth Day summit next month, according to people familiar with the conversations.
The push — which could include a new executive order on climate finance — comes as Kerry’s team and the White House scramble to line up new announcements for Biden’s April 22 Climate Leaders Summit, where countries will be watching for the new president to take action to put the U.S. at the forefront of global efforts to fight climate change.
Kerry is leveraging personal relationships with Wall Street players as well as banks' broad public promises to help fund climate efforts that they made alongside their pledges to achieve net-zero emissions by 2050 or align with the goals of the Paris Climate Agreement.
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