Director in the Projects, Energy & Restructuring Practice
DLA Piper Africa
In the aftermath of the 2007/8 financial crisis, Hugo Chavez the former president of Venezuela famously said that if climate was a bank, they would already have saved it. He was making the point that in the hierarchy of urgent and important global goals, bailing out banks far surpassed climate problems.
Eighteen years later, we live in a world where banks have themselves become a crucial force in addressing climate change. In fact, major leaguers like JP Morgan Chase, Deutsche Bank, Barclays group, Bank of America and HSBC have become members of the Net Zero Banking Alliance.
