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The most encouraging signal on climate to me is that the “money” seems to finally be waking up. ESG policies - backed by data monitoring requirements to combat
by aresant 4y ago
The most encouraging signal on climate to me is that the “money” seems to finally be waking up.
ESG policies - backed by data monitoring requirements to combat greenwashing from sovereign wealth funds are real, arduous, and creating business and capital incentives with environmental alignment.
Early stage climate tech funds - of which their are many today where there were few even a few years ago - are giving a new generation of entrepreneurs something to focus on beyond monetization efforts.
And of course both company and billionaire branding is shifting to the importance of climate, carbon neutral solutions.
I take this all much less as a sign of altruism but of market efficiency - a shift towards making “saving the planet”profitable is the only model I believe will ever move the needle.
So to that end I applaud this effort - Just signaling viability of a career in the space is a great step in the right direction
- sixQuarks 4y agoESG is a joke. Chevron has a higher ESG score than Tesla. How can anybody argue this is a fair assessment?
- aresant 4y agoESG scoring agreed is a work in progress currently gameable with greenwashing strategies (carbon credits) What I am referencing is ESG for fundraising at institutional level which is the money that actually drives the world Major pensions are prioritizing selecting managers with legit, objectively good esg policies and road maps with hard and enforceable targets that are tied to compensation
- sixQuarks 4y agoThis is precisely the reason ESG should be abolished. It’s driving a huge amount of investment into companies that don’t deserve it
- hgomersall 4y agoESG stands apart from the various agencies that provide a score. Just because they do a bad job, it doesn't mean ESG is a joke, it just means the scores are a joke.
- hackernewds 4y agoWhy is that not plausible? climate change is not just about emissions. the full life cycle of a battery is pretty brutal on the environment
- newsclues 4y agoESG seems to be a way to launder reputations, seeming to appear good is not doing good.
- unmole 4y agoAs it stands stakeholder capitalism is a scam perpetrated by the professional-managerial class on everyone else. ESG offers a viable career path for people who don't actually like finance but want the money it pays. Plus, you get to tell yourself you're Making the world a better place. What's not to like?
- hackernewds 4y agoThat sounds like the right incentives and outcomes?
- dr_orpheus 4y ago> Early stage climate tech funds An interesting fact in this vein is that by some estimates 14% of all venture capital is going towards climate tech [0]. Its a pretty broad category and really a hard number to pin down but it is still encouraging. They define "climate tech" as something that: 1. Directly mitigate or remove emissions 2. Help us to adapt to the impacts of climate change 3. Enhance our understanding of the climate. [0] https://www.pwc.com/gx/en/services/sustainability/publications/state-of-climate-tech.html https://www.pwc.com/gx/en/services/sustainability/publicatio...
- defterGoose 4y agoThey/you forgot: 0: Establish venture-funded "marketplaces" for various climate-facing tokens to skim value while providing no real value-add.