Michael Metcalfe, Senior Managing Director and Head of Global Macro Strategy at State Street Global Markets said, “Let’s not quibble about whether we can afford to fund climate change. The real question is: Do we care enough about future generations to take the very same policy risks we took to save the financial system?”
Will we do whatever it takes to fight climate change? Back in 2008, following the global financial crisis, governments across the world adopted a “whatever it takes” commitment to monetary recovery, issuing $250 billion worth of international currency to stem the collapse of the economy. In this delightfully wonky talk, financial expert Michael Metcalfe suggests we can use that very same unconventional monetary tool to fund a global commitment to a green future.