An eye opening The Economist article perfectly matching our own research in current non ESG and high Polluting industries investment and debt raising patterns.
We very much agree with Larry Fink, the boss of BlackRock the world’s largest #asset manager, who has suggested a diﬀerent approach. Sincere #green#investors—and there are plenty of them—should hold on to dirty shares and work with managers to reduce emissions. He is right. To be truly green, investment strategies must be less black and white.
#Africa has indigenous hydrocarbon resources which should be developed from #equity and #debt funding from multilateral, OECD capital markets and Commercial Banking at reasonable cost of capital and the resulting projects should be publicly listed/owned helping institutional development goals of low income countries.
Africa and other developing nations should also be fully supported for Alternative and Clean Energy be it Solar, Wind, Geothermal, Bio Mass, Modular Nuclear etc.
All such development should be community based with capacity building and technology transfer as first principles. We believe it is emerging nations’ right to develop with all forms of energy playing a major part and world economic managers should fully support it.
Future is Today.