Over the last ten years, cash payments have been in a free fall and experts predict that by 2030, they could make up for just 10% of monetary transactions.
Authors: Sébastien Betermier, Nicholas Byrne, Jean-Sébastien Fontaine, Hayden Ford, Jason Ho, Chelsea Mitchell
Publication: Bank of Canada, Staff Analytical Note 2021-20, August 2021
As the renewable energy sector grows in leaps and bounds; pension funds, banks, investment companies, and insurance companies are waking up to the risk of devaluation in fossil fuel investments.
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