Separating climate change and inequality won't work, says Biden's World Bank nominee

Ajay Banga, who the Biden administration has chosen to lead the World Bank, speaks in London in March. (Bloomberg/Bloomberg via Getty Images)

President Biden's nominee to lead the World Bank says the twin global challenges of climate change and inequality need to be addressed simultaneously and cannot be separated.

Ajay Banga, the former CEO of Mastercard, tells Morning Edition's Michel Martin that it will take the combined action of all stakeholders, from countries to the multilateral development banking system to the private sector to make a difference, particularly when it comes to climate change.