COP24: Ten years on from Lehman Brothers, we can't trust finance with the planet

clock • 11 min read

Private finance crashed the economy and is too consumed by the profit motive to be a reliable ally against climate change. We should not allow COP24 to be their board meeting, argues Tomaso Ferrando from the University of Bristol

Lehman Brothers filed for bankruptcy on September 15, 2008. The investment bank's collapse was the drop that made the bucket of global finance overflow, starting a decade of foreclosures, bailouts and...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Climate change

Sustainable Story Award: World of Books unveils shortlist for inaugural £15,000 prize

Sustainable Story Award: World of Books unveils shortlist for inaugural £15,000 prize

More than a dozen fiction, non-fiction and children's authors shortlisted for book proposals which seek to tackle themes surrounding the environment and climate change

Michael Holder
clock 20 August 2025 • 5 min read
Met Office: Summer 2025 on track to be one of UK's hottest on record

Met Office: Summer 2025 on track to be one of UK's hottest on record

Provisional Met Office statistics indicate summer 2025 is on track to join 2023, 2022 and 2018 among UK's ten warmest since records began 140 years ago - and it could yet take the overall top spot

Stuart Stone
clock 19 August 2025 • 4 min read
Study: Climate change costing UK grassroots sport clubs £320m a year and rising

Study: Climate change costing UK grassroots sport clubs £320m a year and rising

UK government-commissioned research uncovers the increasing cost of worsening climate change on community sports clubs, facilities and competitions

clock 19 August 2025 • 4 min read