Green Finance: "What Will FinTech Do In The Climate Wars, Daddy?"
Webinar
These sessions on green finance and fintech were livestreamed from Rise, created by Barclays.
Organisations are looking at how to score well in the ESG rankings but is ESG a driver for change? Professor Michael Mainelli questions the use of ESG in climate change and uses this session to explore its history, assess its promise, and probe its relevance to the City. He concludes that market measures are essential, including competition, open data, better regulation, and voluntary standards markets. He recommends that instead of the ESG rating process, the fintech industry should lobby for costed carbon and financial cuffs on government policy (policy performance bonds). With that then fintech can truly help people make better decisions, trillions of small economic decisions on sustainability. These better decisions will be in areas such as market enforcement and supply chain tracking, including capital supply chain tracking. The implication for fintech is a shift from a transaction & savings product focus to trading & IoT markets, from lipstick on banks to mini Bloombergs for the masses.
Speaker(s):
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Professor Michael Mainelli
Executive Chairman
Z/Yen Group