Can Finance Revolutionize Climate Action? with MARK CAMPANALE, Founder of Carbon Tracker

“Carbon Tracker is a non-profit financial think tank focused on change and the energy transition. I set it up because I spent 20 years working in the financial world, and I noticed that a lot of coal, oil, and gas projects, even with all the evidence we know about climate change, were getting financed through banks and the stock market. It was almost as if investors were completely disregarding what climate change was going to do within our lifetime. What I wanted to do was challenge that, challenge the way people think, and challenge the financial operators, the bankers, stock exchange regulators, and investors to think about what climate change was going to do and what we could do about it. We're saying to the owners of these companies, the shareholders, ‘Why don't you think about what the world will look like in 50 years, and why are you putting these young people's pensions into coal, which we know is going to destroy the planet?’ ” For decades, the conversation around climate change often felt abstract, a distant threat. But what happens when that threat collides with the very concrete world of finance, with investments, and with the bottom line? Mark Campanile has been at the forefront of this critical intersection for over two decades. He's a veteran of sustainable finance, having helped launch some of the earliest responsible investment funds. But it's his work with the Carbon Tracker Initiative that has truly reshaped how we understand the economic risks of a fossil fuel-dependent future. Carbon Tracker, an independent financial think tank, introduced concepts like the "carbon bubble" and "stranded assets"—terms that have not only become central to the divestment movement but are now indispensable for investors and regulators trying to navigate the path to decarbonization. Mark Campanile and the Carbon Tracker Initiative have made it impossible to ignore the financial implications of a warming planet.