Most ESG Investing Makes A Charade Of Fighting Climate Change.
“Thus far, ESG funds have merely divested capital from the fossil fuel industry. They have put hardly any capital into new cleantech companies that could help with the energy transition. Energy efficiency technologies, hydrogen power, carbon capture and nuclear fusion remain severely underfunded.”
[COMMENTARY] The writer makes one particularly good point about ESG funds. That is, only moving around funds between highly rated ESG companies just doesn’t cut it. Could some ESG funds create venture capital arms?
Most ESG Investing Makes A Charade Of Fighting Climate Change, by Wal van Lierop, July 14, 2020, Forbes, USA.