Business Standard

The crucial role of banks and insurers in reducing greenhouse gas emissions

India, US and China are the top three polluters globally. Banks can help change that

Representative image

Representative image

Praveen Gupta
As the planet Earth struggles to stay sustainable — the race to contain and reduce greenhouse gas emissions gets critical. Three countries stand out as the top pollutants — China, US and India, in that order. Each of them is faced with their set of unique challenges. Most of those challenges can be overcome with the support of the banking and especially the insurance industry.
Look at what is happening in the US. In the next decade the nation will account for 61 per cent of the world’s new oil and gas production. The sheer scale of this new

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First Published: Dec 28 2019 | 10:47 PM IST

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