The risk of existential viability of earth has to be put a step above the business viability of earth, said Uday Kotak, MD and CEO, of Kotak Mahindra Bank at the B20 summit on Saturday. The theme of the session was “Financing the Climate Transition”.
Kotak Mahindra Bank Chairman Uday Kotak on Saturday pitched for businesses to finance climate transition with the government supporting them in terms of gap-funding. Stating that the risk of existential viability of the Earth has to be kept above the business viability, Kotak said businesses need to go beyond capital which expects returns and opt for capital that is ready to take losses.