Climate Action Isn’t Dead. It’s Just Not Focused on the U.S.

But it was also evident in the meat of the conversations. Investors talked about opportunities outside the U.S., particularly in Asia and Europe. Climate focused executives waffled about how much of a presence they wanted to have at this year’s iteration of New York Climate Week, usually an important moment on the climate calendar each September. And British officials emphasized their ability to serve as a global hub for sustainable finance. “As investors look around the world and they look for places to put capital, I think we sit in a very good position because of what’s happening geopolitically,” says Chris Hayward, policy chairman of City of London, the historic center of London, now best known as a financial hub.

To get from event to event in London required dashing around the city in the quickest fashion: typically the tube subway system, consistently overheated given the unseasonably hot London temperatures. But the geographic center of the week was undeniably the City of London, the one square mile that hosts the country’s premier banking and financial institutions. There’s a reason for that: organizers in London see an economic opportunity in supporting the energy transition.