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Debating point: Banks can save climate

By Paul Calello

Published: January 23 2008 16:36 | Last updated: January 23 2008 16:36

Though it may be cold when world leaders meet in the mountains of Davos this week, climate change will likely be a hot topic. The questions of whether to act, or why to act, have been answered. The vital next stage is for business and government each to play its part in developing a roadmap to environmental sustainability.

Few still doubt the need to change business practices to reduce our impact on the environment. But many worry that taking action will inevitably impose huge economic costs. Rather than anticipating an economic drag, however, we should see sustainability as a huge new engine for growth.

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