The coronavirus pandemic and international response to Russia’s invasion of Ukraine has shown us that a massive response to climate change is possible, said Bill Winters, CEO of Standard Chartered.
Speaking at London's City Week conference today (25 April), Winters said that the current macroeconomic circumstances were favourable for a transition away from fossil fuels, with rising fuel prices and security concerns around future supply of energy. However, he also said that one underemphasised changing factor was how the world had united both to fight the coronavirus pandemic and to implement sanctions on Russia after its invasion of Ukraine. "The world has rallied around, in the last couple of years, major exogenous shocks in a spectacular way," he said, adding that the response...
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