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The Death of Truth & the Rise of Centralized Government Control – Investment Watch


very dangerous thing to economies and societies, and always climaxes with more centralized control in its wake.
The problem for the 21
st century, however, is that almost no global policymaker (left, right or center, European, Asian or American) wanted to touch this $280T debt elephant in the room.
Instead, they buried their heads for years in the sand and sought re-election with promises paid for with, alas, more debt.
In this openly embarrassing backdrop (long 
before COVID), economic orthodoxy had been tossed into a corner as governments around the world took on fatal debt levels like this:
…paid for (i.e., “monetized”) with mouse-click fiat money like this… ....

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Green Bond Standard will allow Taxonomy compliance to be gradual


By Jon Hay
15 Jul 2021
Market participants are getting to grips with the EU’s plans for its Green Bond Standard, released last week. They are finding quirks in it that could help some issuers, discovers Jon Hay, but may make the regulation much more complicated.
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Ramping up ESG regulation


09 Jul 2021
Originally a self-regulated sphere in which voluntary principles underpinned activity, ESG debt is attracting increasing regulatory focus  especially in Europe, where the EU’s ambitious Action Plan on Sustainable Finance is creating a demanding new framework around the market. What does this imply for issuers and investors? And are other regions in step with European developments? Clifford Chance and Latham & Watkins clarify the state of play.
The raft of measures that make up the EU’s Action Plan on Sustainable Finance including the Taxonomy for Sustainable Activities, the Green Bond Standard (GBS) and the Sustainable Finance Disclosure Regulation (SFDR) represent European regulators’ response to the need to mobilise more capital in pursuit of Paris Agreement targets. ....

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