ESG Talk COP29: Business and Policy in the New Economy
Dec 6, 2024
Linda-Eling Lee, Head of the Sustainability Institute at MSCI, emphasizes the evolving role of businesses in climate action. They discuss the critical need for transition finance and the complexities of the global economy at COP29. Lee highlights the challenges of carbon markets and the necessity of international cooperation for capital investment in emerging markets. The conversation also covers the transformative potential of AI in sustainability strategies, urging businesses to adapt to new regulatory landscapes as they navigate future trends.
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Shift to Transition Finance Focus
- Financial institutions now focus on transition finance to aid emissions-intensive companies in evolving. - Emissions are shifting towards emerging markets, yet climate fund flows mostly target developed markets.
Carbon Markets as Climate Tools
- Carbon markets announcements at COP29 signal potential tools to channel capital to emerging economies. - Strengthening carbon market integrity is crucial for global climate financing.
Demand for Forward-Looking Climate Data
- Investors need forward-looking data on companies' transition plans, not just current emissions. - Companies must show ambitious targets and trajectories to attract investment for climate goals.