Sustainable or Responsible Finance at the present is about calibration of the negative externalities of fund allocation in institutional lending. Capitalism in the climate era will soon make all forms of lending factor in carbon data as a proxy for good environmental governance at the deal scale.

What we need is the allocation of capital to conserve what we have and to build climate resilience across the board in particular in adaptation finance for the most vulnerable areas and communities. Insurance and real estate valuations are at the frontline of climate shocks and hence the most innovative solutions can be seen in those sectors.