The power of capital markets can be harnessed to drive the green transition
Emmanuel Faber, chair of the International Sustainability Standards Board
August 22, 2022
Government action is essential if we are to tackle climate change. However, no single jurisdiction can succeed by only imposing rules on its local market participants. There must be a global approach but multilateral policymaking is currently at a low ebb.
To address challenges of this magnitude, nations must harness what Gelsomina Vigliotti, vice-president of the European Investment Bank, has called the “power and ingenuity” of markets.
Markets are the self-generating sources of financing that shape business models and transform economies. Properly harnessed, they can deliver solutions at scale.