Unleashing Climate Capital

Environmental Affairs is Policy Exchange’s quarterly journal, which explores the implications of the growing role of environmental policy. In this edition, Unleashing Climate Capital, our contributors consider policies promoting green investments, including the Environment, Social and Governance (ESG) investment agenda.

Contents

 

 

Course Correction

Much-needed new approaches to sustainable finance are emerging, but public policy must play a
key role

 

A Three-Pronged Attack

Dambisa Moyo makes the case for a new policy and market environment designed to unleash
climate capital

 

The Case for a Carbon Offsetting Kitemark

The UK needs to lead the way in creating a gold standard for carbon offsets, say former energy
secretaries Andrea Leadsom and Amber Rudd

 

A Dangerous Distraction

Companies are creating a misleading narrative that they can change the world through ESG initiatives – governments must make systemic change, writes Tariq Fancy

 

The Long Game

Pensions are the key to sustainable finance and getting us to Net Zero, argues Guy Opperman

 

Building Bridges to the Future

Sustainable finance policy and regulation need better alignment mechanisms, argues Judson Berkey

 

Net Zero Transition Planning should be Mandatory Across the Economy

Risk management does little to achieve climate outcomes, argues Ben Caldecott

 

Grasping the Nettle on ‘Scope 3’

It’s time to get real on the world’s hardest-to-reach emissions, writes Mauro Cozzi

 

Why Finance is the Solution to Climate Change not the Problem

Financial firms are reflecting the real economy and public policy – governments need to set the new trajectory, writes Lynsey Jones

Stressful Tests

Banks need to recognise that climate risks are bigger and more pressing than the central banks’
stress test scenarios suggest, says Mark Cliffe

 

The Limits of Divestment

Unlike divestment, transition plans can actually deliver substantial emissions reductions, argue Ed Birkett and Benedict McAleenan