In the aftermath of Silicon Valley Bank's (SVB) implosion last week - the largest US banking collapse since the financial crisis took hold in 2008 - we examine what the impact could be on the sustainability sector. SVB was widely regarded as a climate tech bank, financing renewable energy companies and solar projects, which poses the question as to where these start-ups and businesses will turn for funding now. Mark Carney, UN special envoy for climate action and co-chair of GFANZ, doesn't envisage funding will be an issue. Addressing a question on the consequences of SVB's failure fr...
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