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Cryptocurrencies have been condemned over their environmental record at a time when traditional investments have been rapidly moving towards greener environmental, social and governance (ESG) values. So how long will it be until crypto earns its green credentials?
By creating sustainable financial offers, prioritizing greeninvestment mechanisms and reallocation of capital, financing sustainable programs, and tracking the carbon footprint tracking of transactions, FIs can incentivize the integration of sustainability criteria into financial services decision-making.
This is particularly crucial in gaining increased access to capital for decarbonisation investment in economically developing regions and for auditing outcomes. Investments in renewables and intelligent grids go together with carbon trading, in order to monetise decarbonisation efforts.
More details promised on sector-specific netzero roadmaps to stimulate investment in sustainable infrastructure. The UK government has acknowledged the need for greater policy clarity to enable the flow of investment into key sectors to deliver sustainable infrastructure and transition to netzero.
She described the UK National Infrastructure Bank as “a really good initiative” in this respect, and said this kind of investment could pave the way, providing the proof of concept that would later secure the participation of private investors. Manufacturers are facing the twin challenges of netzero and digitisation.
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