If banks are our last chance......God help us.
On the climate front, the idea is to make banks think much harder about what kind of companies they lend to and at what cost. Many banks have already stopped funding coal-fired power plants, but stress tests that involve climate-related risks and will lead to higher capital requirements can help create a rising scale of financing costs that should help support cleaner business activity and discourage dirtier practices across industries.
Bank have always been front and centre in the solutions perhaps.
Bankers May Complain But Their Industry Is a Good Tool Against Climate Change - Bloomberg
That said most banks are for profit and tend to gravitate to those sectors with the greatest opportunity to generate such profits. Banks sadly still believe that it is BAU, and therefore are not on the whole planning for alternative markets before the hydrocarbon sector dwindles and or is removed from them via Central Bank directive, guidance and or regulation.