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January 27, 2021 | The Brief The Brief: Larry Fink’s net-zero mandate, catalyzing economic opportunity in India, solar fintech SPAC, guaranteeing small biz lending in West Africa The team at Featured: ImpactAlpha Original Larry Fink’s corporate net-zero mandate pushes carbon markets mainstream. Think all those corporate 2050 net-zero pledges are nothing but hot air? The price of carbon credits in voluntary markets has risen to $15 or even $20 per ton, driven by corporate efforts to meet their net-zero pledges by locking in offsets with forward contracts of a decade or more. BlackRock, the $9 trillion asset manager, is adding, uh, fuel to the fire. “We are asking companies to disclose a plan for how their business model will be compatible with a net-zero economy,” BlackRock’s ....
By Jon Hay 17 Dec 2020 After four years of the US government noisily refusing to protect humanity from climate change and pushing back on responsible investing, sustainable finance supporters are full of hope that Joe Biden’s presidency will shift the US and the world in the right direction. Jon Hay reports Capital markets players are convinced the US’s long wandering in the wilderness as the world’s chief renegade on climate change is coming to an end. The election of Joe Biden as president though without control of the Senate, barring great luck for the Democrats in January’s Georgia run-offs has wrested power from the most aggressive enemy of climate policy among world leaders and given it to a candidate who knows the urgency of action. ....