Study Argues Sustainable Finance Has Failed to Address Climate Change
By
Alastair Marsh, Olivia Raimonde, Frances Schwartzkopff
Summary
A new paper by Lisa Sachs, director of the Columbia Center on Sustainable Investment, argues that sustainable finance has failed to meaningfully address climate change despite early 2020s optimism about market-driven solutions. The article also notes that New York City pension funds are pushing back on SpaceX's IPO due to concerns about Elon Musk's near-total control of the company.
Source
Key quotes
· 3 pulledThe world of sustainable finance has changed significantly from the early 2020s, when there was widespread optimism that market forces could be tweaked to shift the global economy away from planet-warming fossil fuels.
Today's newsletter looks at one argument for what went wrong, outlined in a new paper by Lisa Sachs, director of the Columbia Center on Sustainable Investment.
New York City pension funds are pushing back on SpaceX's IPO and Elon Musk's near-total control of the company.
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