BlackRock CEO Is Wrong: Why Endless Growth Of Capital Markets Is Not The Answer

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Blackrock News

Larry Fink,ESG,Asset Management

My role is Director of the Centre for Sustainable Finance at the Cambridge Institute for Sustainability Leadership (CISL). I work with the finance industry to embed sustainability into decision-making and to rewire the system.

Copyright 2014 AP. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.to investors. The BlackRock CEO’s opinion goes viral every year and is hotly anticipated to predict upcoming trends in the finance industry.

The idea that growth will save us all fundamentally relies on the assumption that such growth is possible. The reality is that we have outgrown the Earth’s ability to provide for us as humankind. So far,six of the nine planetary boundaries, according to the Stockholm Resilience Centre. These range from climate change and biodiversity loss to ocean acidification, ozone depletion and atmospheric pollution.

World War I Tactics Make A Comeback As A Ukrainian Gunner In The Back Of A Propeller Plane Shoots Down A Russian DroneAs we move towards a regenerative economy, we need to achieve clean growth within richer economies to enable the green energy transition. This transition must also be matched by equal investment into emerging and developing markets to ensure they can match the pace.

 

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