UK Bankers Criticized for Lack of Risk Appetite in Green Finance
A senior executive at the UK's National Wealth Fund has criticized the country's banks and money managers for what he characterized as their failure to embrace the risk levels needed to drive the low-carbon transition.
'What I'm not seeing is enough appetite from the banks and the insurance companies, from the pension funds and institutional investors' to finance the low-carbon transition, said Ian Brown, the wealth fund's head of banking and investments.
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