LETTER: Green investment impossible without economic reform
We expect too much of the important agricultural implements associated with green financing if we think it is they that will transform this situation
Gray Maguire’s regular opinion pieces provide a useful way to keep up with developments in green finance in SA. I would suggest, however, that he indulged in hyperbole in his most recent article. (“Great strides made preparing the ground for green investments (https://www.businesslive.co.za/bd/opinion/columnists/2020-10-20-gray-maguire-great-strides-made-preparing-the-ground-for-green-investments/)”, October 20).
The taxonomic work to which he refers has been carried out by the National Business Initiative and the Carbon Trust, and is doubtless of the high standard we are accustomed to from these outstanding organisations. But important as such work is, this is not what “create[s] the fertile ground for green investments to take root”...
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