The uses and abuses of green finance
Why the net-zero pledges of financial firms won’t save the world
ALAS, THE COP26 summit in Glasgow is shaping up to be a disappointment. The hope that emerging markets, which belch out much of the world’s greenhouse gases, would announce ambitious proposals is being dashed. The plans of China, India and Brazil all underwhelm. There is no sign this will be the COP that kills coal, as Britain, the host, wanted. World leaders have still not agreed to stop subsidising fossil fuels.
This article appeared in the Leaders section of the print edition under the headline “The uses and abuses of green finance”
From the November 6th 2021 edition
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