A recent news article on Reuters about green and sustainable lending practices closes by citing the views of Joseph Lake, The Climate Service’s new COO. Lake, who is given the last word in the article, connects the dots for readers by noting that lenders are becoming increasingly cognizant of the “risk and opportunities from the changing climate,” and that demand for information is growing.
The article focuses on sustainable lending in Latin America, where the practice is just emerging as a financing tool. Other regions are further along in their use of green and sustainable financing, but Latin America’s many infrastructure and natural resource projects combined with European and Asian lenders who have shareholders that expect sustainable lending practices, is driving wider adoption across the region. (Reuters writer Daniela Guzman covers financing and has previously written about sustainability-linked lending.)
The Museum of Tomorrow in Rio De Janeiro, pictured above, lays claim to the title of world's most sustainable building.
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