ESG & Investing
Steering Climate Funds to Emerging Markets Runs Into Risks
- Focus should be on financing climate adaptation, Drew Says
- Catastrophic weather has become the norm almost everywhere
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Weather risks. Political and currency risks. The perceived risk of investing in new ventures rather than more mature, established industries.
These are some of the obstacles that have historically held back the flow of climate-focused capital to emerging markets, said Marisa Drew, chief sustainability officer at Standard Chartered Plc, speaking Thursday at the Bloomberg Sustainable Finance Forum.