Private climate funding is the next finance bubble

  • 📰 mailandguardian
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 92%

United States News News

United States United States Latest News,United States United States Headlines

Private climate funding is the next finance bubble: Evidence suggests that green lending to reduce developing countries' CO2 emissions displays all the pathologies associated with financial manias.

, advanced economies are asking developing countries to phase out coal and natural gas while continuing to rely on the latter energy source in particular. The rich world’s failure to cough up the necessary finance compounds the hypocrisy.

This bargain is problematic for two reasons: implicit political condescension and looming economic risks. More important are the bargain’s economic risks. Climate change affords investors an opportunity to do global social good without sacrificing profits. ESG-related lending, which marries conscience and capital, has become a major financial fad.

Turkey is only the latest example of financial globalisation gone wrong. Long periods of private financial inflows indulge rather than discipline unsustainable macroeconomic policies, until the inflows suddenly become outflows, as they invariably do.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

For all those who are new to this working from home Bitcoin trading options Here's a little tip: Get a trusted Bitcoin expert and stick to her Derrick_Jones39 Invest and play at similar times each day. Because : In times of chaos, your investment is your anchor to success⚖️

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Private climate funding is the next finance bubblePrivate climate funding is the next finance bubble - Evidence suggests that green lending to reduce developing countries' CO2 emissions displays all the pathologies associated with financial manias. Why can’t developed countries reduce their own this is a false narrative that poor countries are contributing largely to pollution
Source: mailandguardian - 🏆 2. / 92 Read more »