The success in passing President Biden\u2019s climate bill, which will be signed by him this week, changes the game in the U.S fight against global warming. It also is a jolt in the arm to the flagging climate finance business this summer and its beleaguered ESG label.<\/p>\n
The term ESG, for environmental, social and governance \u2014 once the hottest acronym on Wall Street \u2014 has been under attack for most of the year as clean energy stocks have been battered during the bear market. Political and financial opponents took cues from a series of setbacks in Europe and a Supreme Court ruling against environmental regulation to call for its removal as an investment requirement and overall renaming, saying the term is simply too broad and confusing to mean anything real.<\/p>\n
Perhaps. But behind the discussion on terminology, banks, fund managers, and regulators continue to move toward an economic transition to renewable energy and all that entails, no matter what we decide to call it going forward.<\/p>\n
\u201cHas ESG slowed with market demand? The answer is no,\u201d said\u00a0Pablo Berrutti<\/strong>, senior investment specialist at the Sydney, Australia, branch of Stewart Investors. \u201cI feel we\u2019re kind of in the adolescence of where ESG is.\u201d…<\/p>\n Subscribe to\u00a0Callaway Climate Insights<\/i><\/b>\u00a0to keep reading this post and get 7 days of free access to the full post archives.<\/p>\n<\/blockquote>\n Sponsored: Tips for Investing<\/b><\/p>\n A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.<\/p>\n Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses,\tconsider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.<\/p>\n\n