C-MACC Weekly “CRETER” (Climate etc.)
Investors Are Driving The Sustainability Bus – Governments Are Arguing In The Back Row
- Government-level disagreements over who pays for what could derail broad agreement at COP26 and, thus, limit any meaningful action post the event.
- The general reluctance to tax carbon and a similar reluctance to use private money suggests that overall global net-zero funding will be too low.
- Activist investors, ESG managers, and possibly litigators will likely step in to fill any government void, leading to erratic behavior and unintended consequences.
- PR firms are getting rich as the press release seems more important than the project today. We discuss recycling and other initiatives through this lens.
See PDF below for all charts