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UN chief asks banking sector to invest in climate action
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IANS | 23 Sep, 2019
UN Secretary-General Antonio Guterres asked the banking industry to
invest in climate action and to disinvest from fossil fuels and
pollution in general.
He made the appeal as he was launching the UN Principles for Responsible Banking on Sunday, Xinhua news agency reported.
"Climate
action has multiple benefits, including job creation, reduced air
pollution, improved public health, and greater security for nations and
(economies)," said Guterres.
Given rapidly falling technology
costs, investing in renewable energy and energy efficiency makes sense
from every angle, he said. "Place your bets on the green economy, not
the grey economy, because the grey economy will have no future."
"To
survive as a society, we will need to transform how we grow food, how
we use land, how we fuel our transport and how we power our economies,"
he said.
Guterres asked the banking industry to align business goals with the Sustainable Development Goals.
With
global wealth exceeding $300 trillion, the 2-3 trillion-dollar gap
needed for the Sustainable Development Goals financing seems minuscule,
he said.
He asked the banks to support gender equality by making
more loans available for women-owned businesses. It is also important to
support small and medium enterprises, many of which are women-owned,
because they are the lifeblood of the economy, he said.
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Customs Exchange Rates |
Currency |
Import |
Export |
US Dollar
|
66.20
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64.50 |
UK Pound
|
87.50
|
84.65 |
Euro
|
78.25
|
75.65 |
Japanese
Yen |
58.85 |
56.85 |
As on 13 Aug, 2022 |
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