Kerry To Wall Street: Put Your Money Behind Your Climate PR
Dean Rachel Kyte speaks with POLITICO about John Kerry's urgent calls for banks to get on board with climate finance.
Climate envoy John Kerry is prodding major U.S. banks privately to announce commitments for climate-friendly finance as part of the administration's climate change policy rollout at President Joe Biden’s Earth Day summit next month, according to people familiar with the conversations.
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“There’s an urgency in the timing,” said Rachel Kyte, who led sustainable development at the World Bank and was its special envoy for climate change. “It’s a political hot potato that Kerry is dealing with.”