Al Gore interview: Exclusive to Euromoney
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Al Gore, the former vice president of the United States and leading environmental campaigner, says that market forces will play the pre-eminent role in the fight to combat climate change in an exclusive interview published by Euromoney. Gore says he is encouraged by the commitment of some of the world’s largest financial institutions to pledge capital and intellectual resources to financing new technology that will assist in reducing greenhouse gas emissions.
“In some cases the commitment of larger banking institutions has run ahead of the expertise and knowledge that currently exists. And that’s OK. It’s right to try to understand the best ways to maximise the opportunities. It’s a massive shift, and it’s going to pick up speed and be one of the largest movements in the history of business," Gore said in an interview with Euromoney’s editor, Clive Horwood.
In a special report that was distributed at the annual World Bank/IMF meetings in Washington, Euromoney looks at the extent to which green finance will change the fabric of the global capital markets in the years to come, speaking to the thought-leaders at the world’s largest banks about their strategies to assist in – and benefit from – the challenge of climate change.
Access the Al Gore interview and Euromoney’s extensive green finance coverage now.
Al Gore interview: “Markets are the key to climate change”
Al Gore explains why a new approach to investment is needed and discusses his own hands-on experience, adopts an unusual position in the carbon tax versus cap-and-trade debate, and says banks are generally ahead of the game – but still have a lot more to do.
More green finance:
Euromoney looks at the extent to which green finance will change the fabric of the global capital markets in the years to come, speaking to the thought-leaders at the world’s largest banks about their strategies to assist in – and benefit from – the challenge of climate change.
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| Opinion: A bet on climate Harnessing market forces for innovation will create technology options, and a more stable climate, for future generations, argues Jon Anda, president of the Environmental Markets Network at Environmental Defense. |
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| Hedge funds: Man’s green stand starts to pay off Man is the world’s largest hedge fund group, with more than $65 billion in assets. It also claims to be the greenest hedge fund. CEO Peter Clarke tells Helen Avery how alternative investment firms can offer the returns investors want and play a positive role in preventing climate change. |
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Hedge funds: Green trimmings A growing social conscience about the environment has opened up new technologies and markets that offer hedge funds new areas in which to find alpha. But it is still a nascent area and the number of players is small. Helen Avery interviews four managers to see how they are approaching the emerging asset class. Impax Asset Management: Shorting the non-environmentalists Climate Change Capital: Towards a carbon hedge fund Clean Energy Asset Management: Focusing on renewable energy BioFinancial Corp: Creating new markets to trade in |
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| Opinion: Green police help keep climate change action on the fringes Market forces have the best chance of driving significant actions that will boost climate change. However the forces of resistance are strong – both from entrenched interests and the green movement itself. Charles Dumas of Lombard Street Research argues for the nuclear option. |