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What's the carbon footprint of a bank loan? Sustainable finance groups follow the money

Nathanael Massey, E&E News

On its own, the global financial sector has a limited carbon footprint -- compared with manufacturing, mining and construction, for example, it barely registers at all. Yet each of those "heavy" industries is backed by the resources of banks and financial institutions, and those monetary relationships tie financiers, to a degree at least, to the emissions they capitalize.

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