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Goldman Sachs launches green finance group with Beijing consultancy

FILE PHOTO: The Goldman Sachs company logo lies on the floor of the NYSE in New York
FILE PHOTO: The logo of the Goldman Sachs company lies on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 13, 2021. REUTERS / Brendan McDermid / File Photo

December 4, 2021

BEIJING (Reuters) – Goldman Sachs Group Inc and the International Financial Forum (IFF), a Beijing-based think-tank, formed a green finance working group on Saturday, the two said. know.

The working group will facilitate dialogue on climate action between senior executives from global corporations and researchers from leading institutions, according to a joint statement sent to Reuters.

They said the group will advise and work with policymakers to strengthen green finance cooperation in the public and private sectors.

John Waldron, chairman and chief executive officer of Goldman, and Zhu Xian, vice president and general secretary of the IFF, co-chair the group.

China’s net zero carbon target by 2060 could create $16 trillion in infrastructure investment opportunities and create 40 million new jobs for the country, according to research by Goldman. by Goldman.

“We need to move from the science of climate change to the business of climate change, in order to deploy these technologies at scale and make it easier for consumers to research and select resources,” said Waldron. greener energy to power their daily lives.

“The many companies that are joining us in the working group are some of the most important energy users and investors around the world. We need them to be active participants and advocates for the climate transition ahead,” he added.

(Reporting by Cheng Leng, Stella Qiu and Ryan Woo; Editing by William Mallard)

https://www.oann.com/goldman-sachs-launches-green-finance-group-with-beijing-think-tank/?utm_source=rss&utm_medium=rss&utm_campaign=goldman-sachs-launches-green-finance-group-with-beijing-think-tank Goldman Sachs launches green finance group with Beijing consultancy

Bobby Allyn

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