IN this TED talk, Michael Metcalfe wonders how will we look back on banks in the future. Will we think of the banks as an unethical industry that contributed greatly to climate change or as a tool that can be used to help the environment.
Will we do whatever it takes to fight climate change? Back in 2008, following the global financial crisis, governments across the world adopted a “whatever it takes” commitment to monetary recovery, issuing $250 billion worth of international currency to stem the collapse of the economy. In this delightfully wonky talk, financial expert Michael Metcalfe suggests we can use that very same unconventional monetary tool to fund a global commitment to a green future.