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ITS EDUCATION ASIA ARTICLE


The dirty secret of banking (no not that one…)

By Danny Harrington, MD ITS Education Asia


OK, so there are many dirty secrets in the murky world of banking. Money does that. But I came across a great substack by Bill McKibben highlighting the carbon footprint of the banking sector. He points out that while there has been plenty of media focus on the impact of crypto, actually this very explicit and obvious direct creating of atmospheric carbon pales into insignificance when you put it alongside all the carbon producing activities facilitated by the baking sector.

Interesting read: If you think Bitcoin Spews Carbon, Wait Till You Hear About...Banking

Canadian International School
Dulwich College Singapore

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