2021 FINANCE or “GREENWASH” ?

Predictably, 2021 is producing many many studies, announcements, initiatives and reports – all as the UK hosts the G7 and COP26.

Many focus on the power of banks and pension funds to invest for ESG, reduce emissions, and meet the Paris Agreement.

Most urge someone else / governments to legislate or act.

Others declare their own path to Net Zero but often without any detail or real intention – “Greenwash”.

In April the Treasury warned against “Greenwash” and self publicity designed to hide any real action by companies, banks and pension funds and in June 2021 they announced the Green Treasury Advisory Group

Some of those reports and announcements…….

In June 2021 the Climate Change Committee warned that “The UK has the capacity and the resources to respond effectively to these risks, but it has not yet done so. Acting now will be cheaper than waiting to deal with the consequences. Government must lead that action.”

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