Bankers Say What They Really Think About Net Zero at Climate Week

On Wall Street, there’s a new message making the rounds. It’s one that says reaching net zero may be as difficult as, say, driving through midtown Manhattan during the United Nations General Assembly.

Financiers in New York for Climate Week, which accompanies the UN gathering, have found themselves faced with the many “what-if” scenarios posed by a fast-warming planet. Simultaneously, Wall Street’s climate leaders have become increasingly vocal in saying that current net-zero goals (let alone decarbonizing the global economy) are near impossible to attain. And that they have limited power to help.