TED: How to stop banks from investing in dirty energy | Lucie Pinson

The video discusses the significant role finance plays in environmental pollution, emphasizing that banks and financial institutions are major contributors. It highlights the importance of setting SMART objectives to drive change and shares a successful campaign against the Alpha Coal Mine. The speaker explains strategies to influence financial institutions, focusing on reputational risks and showcasing success stories of financial entities withdrawing from fossil fuel projects.

What is identified as the most polluting sector on the planet?

• Fossil fuels

• Agriculture

• Finance

• Manufacturing

What does the 'S' in SMART objectives stand for?

• Strategic

• Sustainable

• Specific

• Simple

What was the initial goal in the Alpha coal mine campaign?

• To close all coal mines in Australia

• To convince one bank to withdraw from one project

• To stop all fossil fuel financing globally

• To reduce coal production by 50%

Which French bank was involved in the Alpha coal mine project?

• Societe Generale

• BNP Paribas

• AXA

• Credit Agricole

Which risk is considered the strongest argument to influence financial institutions?

• Reputational risk

• Credit risk

• Market risk

• Operational risk

What is the main strategy used to convince banks to change their policies?

• Providing tax benefits

• Offering financial incentives

• Highlighting reputational risks

• Threatening legal action

What is the role of campaigners according to the speaker?

• To ensure financial institutions stop financing fossil fuels, regardless of the reason

• To create new climate regulations

• To convince every banker of the moral necessity to stop financing fossil fuels

• To provide financial incentives to banks

What is the ultimate goal of the campaigns discussed in the video?

• To reduce carbon emissions by 10%

• To end all financing of fossil fuels

• To promote renewable energy

• To increase coal production

What is the significance of the year 2017 in the context of the video?

• The first global bank adopted a coal exit policy

• AXA stopped insuring new coal projects

• The Alpha coal mine was closed

• The first SMART objective was achieved

What is the speaker's perspective on the current state of coal financing?

• Coal financing is stable

• Coal financing is increasing

• Coal financing is irrelevant to climate change

• Coal companies are struggling to secure financing