Jamie Rickman

Jan 25, 2024 | greencentralbanking.com | Jamie Rickman |Jamie Woolley

By continuing to finance the fossil fuel economy, the financial sector is fuelling its own demise. Fossil fuel emissions are driving Earth systems past negative tipping points such as the collapse of Greenland’s ice sheet or the death of coral reefs, beyond which abrupt and irreversible changes are inevitable. What’s worse, the crossing of one negative tipping point can trigger others in a domino-effect, accelerating the breakdown of our planet’s life-support systems.