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

National Drought Group: Dry conditions intensifying in England, despite patches of rainfall

National Drought Group: Dry conditions intensifying in England, despite patches of rainfall

Government, regulators, and experts now set to meet on a weekly basis to coordinate responses to drought conditions that are impacting homes, businesses, and farmers

Mia Willemsen, Farmers Guardian
clock 21 August 2026 • 5 min read
'We are not out of this yet': Number of wildfires in England and Wales in 2026 surpasses last year's total

'We are not out of this yet': Number of wildfires in England and Wales in 2026 surpasses last year's total

Fire and rescue services have responded to 1,132 wildfires so far this year, surpassing the number recorded throughout the whole of 2025

Michael Holder
clock 20 August 2026 • 4 min read
Climate impacts could cost London up to £36bn a year by the 2050s

Climate impacts could cost London up to £36bn a year by the 2050s

High temperatures already estimated to cost the capital £577m a year in lost productivity, London Councils and Mayor's Office

Stuart Stone
clock 20 August 2026 • 5 min read