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As some noted , legislative momentum on sustainability and climate was already slowing, just 100 days after COP26. While Europeans bemoan the lack of teeth in new corporate sustainability due diligence rules, the US is still struggling with climate disclosure rules, let alone green fund labelling or even carbon pricing.
While progress was uneven, it was achieved against a radically changing geopolitical backdrop, and reinforced by moves in the US to mandate climate risk disclosures by corporates and discourage greenwashing by fund providers. COP26 revisited. It might not be perfect, but perhaps we should not expect it to be.
An important key to unlocking that finance lies in green and sustainable emerging market bonds, which promise lenders both returns and the opportunity to invest in projects with an ESG impact. There’s a lot of greenwashing, and there are really weak standards in terms of additionality, materiality, accountability and transparency.”.
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