“‘This new asset class on the NYSE will create a virtuous cycle of investment in nature that will help finance sustainable development for communities, companies and countries,’ Douglas Eger, CEO of IEG, said. ‘Together, IEG and the NYSE will enable investors to access nature” store of wealth and transform our industrial economy into one that is more equitable.‘”
[COMMENTARY]This could be either the most exciting new development in finance this century — or its biggest disaster. The idea is terrific. Only time will tell if the environmental community and the public at large view it as an important step to dealing with today’s climate crises.
NYSE working with IEG to develop new asset class, Natural Asset Companies, by Dave Kovaleski, September 16, 2021, Financial Regulation News, USA.