“One common approach to sustainable investing is to provide capital for companies with low carbon emissions and withhold it for high-emissions firms. But rather than incentivizing polluters to cut back, research co-authored by Yale SOM’s Kelly Shue shows, such an approach may actually cause them to pollute more.”

[COMMENTARY] This paper makes clear that investments are needed in polluting industries so they may become more energy-carbon efficient. To exclude them from funding could result increasing carbon emissions.
Green Investing Could Push Polluters to Emit More Greenhouse Gases, by Susie Allen, May 15, 2023, Yale Insights, USA.