Green-friendly money instruments
Treasury aims to spark debate about green-friendly money instruments, writes Donwald Pressley
Right in the middle of Covid-19 lockdown, the National Treasury issued a draft report proposing significant changes to the financial services industry investment regime — attempting to tilt future money flows towards "green-friendly" money instruments.Ismail Momoniat, the Treasury’s head of tax and financial sector policy, confirms that his unit drove the report, but stresses that it is not a policy paper. He confirms that the report, "Financing A Sustainable Economy — Technical Paper 2020", was put up on the Treasury website during the lockdown. It is aimed at fostering debate about sustainable investment and is a "draft report".Economist Azar Jammine describes the timing of the draft report as "fortuitous". It just so happens to coincide with the imposition of the lockdown and the current debates about reshaping economic activities when the SA economy opens up again.Jammine says the approach to green investment in the current climate could prove timeous as the government wants to ...
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