COP24: Ten years on from Lehman Brothers, we can't trust finance with the planet

clock • 11 min read

Private finance crashed the economy and is too consumed by the profit motive to be a reliable ally against climate change. We should not allow COP24 to be their board meeting, argues Tomaso Ferrando from the University of Bristol

Lehman Brothers filed for bankruptcy on September 15, 2008. The investment bank's collapse was the drop that made the bucket of global finance overflow, starting a decade of foreclosures, bailouts and...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Climate change

'Adaptation is a must': 2024 confirmed as Europe's hottest year on record

'Adaptation is a must': 2024 confirmed as Europe's hottest year on record

Latest report from Copernicus Climate Change service confirms Europe is the world's fastest-warming continent - but still almost a quarter of Brits think concerns over climate change have been exaggerated

James Murray
clock 17 April 2025 • 6 min read
Study: Cocoa prices up by a third as climate change takes bite out of Easter chocolate

Study: Cocoa prices up by a third as climate change takes bite out of Easter chocolate

UK consumers face higher chocolate prices this Easter as a result of climate change-driven extreme weather, research warns

Stuart Stone
clock 14 April 2025 • 3 min read
Study: Women's football 'highly exposed' to multiple, worsening climate threats in the UK

Study: Women's football 'highly exposed' to multiple, worsening climate threats in the UK

Research warns future of women's football is disproportionately at risk in the UK unless robust climate change mitigation and adaptation strategies adopted by clubs, players, and fans

clock 10 April 2025 • 4 min read