As climate change intensifies, every segment of society must have an abiding interest in stemming its impact. The transition to a more sustainable economy must happen quickly and decisively, with the full commitment of the business and financial communities. “Sustainable finance means putting humanity and purpose together with capital,” says Karen Fang, Global Sustainable Finance Executive for Bank of America. “And every industry has the power and obligation to adapt and help drive positive change.”
Here, Fang, Alex Liftman, Global Environmental Executive for Bank of America, and Mary Obasi, Global Policy Advisory Executive for Bank of America, discuss what the transition to a low-carbon economy entails and how new developments such as the Inflation Reduction Act are driving progress on climate change.
