WHAT IS TO BE DONE?
climate change mitigation
finance industry
accounting industry
governmetns
market regulators
you
FIXING market failures vs market SHAPING
Social Outcomes: Free Market vs NATIONALISED delivery
WHAT IS BEING DONE?
- Carbon TAX in some countries or a cap and trade system (limit on total emissions plus a trading system for carbon 'permits');
- Improvement in NON-FINANCIAL data disclosure (ESG disclosures);
- Providing INCENTIVES for the finance industry to provide additional FINANCING for green projects;
- REGULATIONS on infrastructure project design, construction and operation;
- ICMA Green Bond and Social Bond Committees
- Sustainable Stock Exchanges (SSE), more than half of global stock exchanges provide guidance on the reporting of environmental, social and governance (ESG) issues.