The financialisation and securitisation of the climate change discourse is the best thing to have happened. People take climate change more seriously. Lifestyle Environmentalism is incremental in nature. Climate Change Resilience is implemented through technology, finance and buy in from communities. And green politics also helps. We need more than tree hugging to save lives and the planet. The planet is an abstract idea, the flooding in the neighbourhood is cognitively more relatable.
The banks and financial sector taking climate change risks as real drivers to their portfolios has been a game changer as the Hindi proverb goes ‘Baap bada naa bhaiya, sabse bada rupaiyya’ which affirms the primacy of cash more than relationships.
Climate change will hit everything we do, some cities have already declared climate emergency. We need bankers to invest more in green infrastructure to save the world.