ESG Investing Not Ready For Primetime & Too Young To Drive

C-MACC Weekly “CRETER” (Climate etc.)

ESG Investing Not Ready For Primetime & Too Young To Drive

• A recent study (and fund behavior) suggests that the ESG investment community is ill-equipped to step up and police climate change if COP26 efforts fall short.
• Government bodies are acting too slowly to provide adequate guidelines for ESG investors, preventing the formation of active ESG funds and sector investment.
• Recent energy price inflation may divert COP26 attention away from ESG policy to support hydrocarbons, though any sign of backtracking will face harsh criticism.
• We hope for globally consistent agreement of decarbonization mechanisms – which means a carbon price to encourage the proper behavior and investments.
• Otherwise, is recycling less important than carbon?

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