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
