Smaller community banks – those with less than $ billion in assets – account for nearly a quarter of commercial and industrial lending, and nearly 40 percent of commercial real estate lending, to small- and medium-sized businesses, despite their having less than 10 percent of total commercial banking assets.
In conclusion, none of us – neither in the public nor private sector – can afford to overlook the risks associated with climate change as well as the need for immediate and effective policies and action. The financial sector can supplement fiscal and energy policies to fight climate change.