What does ChatGPT have to say about climate change and sustainable finance? (Cary Krosinsky)

https://www.linkedin.com/posts/carykrosinsky_introducing-chatgpt-activity-7053366368624099329-UfLG/

Maybe we should let ChatGPT run everything

I asked “Do we need to solve climate change?” 

Answer: “Yes, it is critical that we address climate change. Climate change is a global crisis that poses significant threats to our planet and our way of life. It is caused by human activities such as burning fossil fuels and deforestation, and it leads to a wide range of harmful impacts, including rising temperatures, sea level rise, extreme weather events, and loss of biodiversity. If we do not act to address climate change, the consequences will be severe and long-lasting, affecting not only our generation but also future generations. Therefore, it is essential that we take action to reduce greenhouse gas emissions and transition to a low-carbon economy through policies, innovations, and individual actions. By working together, we can mitigate the effects of climate change and ensure a sustainable future for ourselves and future generations”

Followup question: “Can sustainable finance help solve climate change and if so how?”

Answer: “Yes, sustainable finance can play a significant role in addressing climate change. Sustainable finance refers to financial activities that support sustainable development and the transition to a low-carbon economy. By directing capital towards sustainable investments, sustainable finance can help to reduce greenhouse gas emissions and mitigate the effects of climate change. There are several ways in which sustainable finance can contribute to addressing climate change: Encouraging investments in renewable energy: Sustainable finance can help to direct more capital towards renewable energy such as solar and wind power, which can replace fossil fuel and reduce greenhouse gas emissions. Supporting energy efficiency: Sustainable finance can also help to fund energy efficiency projects, such as building retrofits and energy-efficient appliances, which can reduce energy consumption and greenhouse gas emissions. Promoting sustainable agriculture and forestry: Sustainable finance can support investments in sustainable agriculture/forestry, which can help to reduce deforestation, conserve biodiversity, and promote sustainable land use practices. Encouraging companies to reduce emissions: Sustainable finance can encourage companies to reduce their greenhouse gas emissions by linking financing to environmental, social, and governance (ESG) criteria. Facilitating the transition to a low-carbon economy: Sustainable finance can help to finance the transition to a low-carbon economy by supporting research and development of new technologies, such as carbon capture and storage and electric vehicles. Overall, sustainable finance can play a crucial role in addressing climate change by directing capital towards sustainable investments and promoting the transition to a low-carbon economy”

Maybe ask it questions you have for yourself and your family

https://lnkd.in/d7rcCXkz

Author: Christopher K. Merker, Ph.D., CFA

Christopher K. Merker, PhD, CFA, is a director with Private Asset Management at Robert W. Baird & Co. He holds a PhD in investment governance and fiduciary effectiveness from Marquette University, where he has taught the course “Sustainable Finance” since 2009. Executive director of Fund Governance Analytics (FGA), an ESG research partnership with Marquette University, he is a member of the CFA Institute ESG Working Group, an international committee currently exploring ESG standards, publishes the blog, Sustainable Finance, which covers current topics around governance and sustainability in investing, and is co-author of the book, The Trustee Governance Guide: The Five Imperatives of 21st Century Investing.