McKinsey quote of the day

“If we have a 15 to 20 percent or 25 percent market share in a country and that country doesn’t move along, it will be very hard to do banking with zero emissions. What we’re trying to do is bring them along and convince them that this is for good. There’s so much low-hanging fruit—energy efficiency, electric vehicles, renewable projects.”

Carlos Torres Vila, chair, BBVA, in “Mobilizing capital for the climate,” from McKinsey’s COP26 Daily coverage