ESG & Investing

Ray Dalio Puts Profits Back in Focus After Painful Period for Green Finance

Wall Street is adjusting its talking points on the climate
COP28 is hosting more finance executives than ever before

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By Alastair Marsh and Natasha White

December 6, 2023 at 8:00 PM UTC

Updated on

December 7, 2023 at 9:58 AM UTC

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After a particularly bad year for green investing, the founder of the world’s biggest hedge-fund firm has just set the record straight.

Ray Dalio, the billionaire founder of Bridgewater Associates, reminded delegates at the COP28 climate summit in Dubai that private capital can only realistically get involved in financing climate solutions if the returns make sense.