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Green investing 'is definitely not going to work’, says ex-BlackRock executive
The article linked below by Tariq Fancy, claims the climate crisis can never be solved by today’s free markets. He claims a carbon tax is the solution to attract investors. I completely disagree with Mr. Fancy's analysis and conclusions.
BlackRock disputes Fancy’s analysis. In a statement the company said: “Sustainable investing can deliver strong investment returns while also helping to address urgent social and environmental concerns.”
I agree with BlackRock. Mr. Fancy seems to be limited by "in-the-box" thinking about how to make wholesale markets attractive to investors. There are wholesale capacity market models under consideration by NEPOOL in the Future Pathways initiative that incentivizes investments in green generation, at an attractive profit margin for investors, through a uniform clearing price for each "essential grid service" offered in the AOCE capacity market design.
The energy transition, climate crisis, State and Green Buyer energy goals, are indeed solvable, and can be attractive to investors, with a market design that properly values "grid services" offered by capacity resources.
Green investing 'is definitely not going to work’, says ex-BlackRock executive
Tariq Fancy once oversaw the start of the biggest effort to turn Wall Street âgreenâ â but now believes the climate crisis can never be solved by todayâs free markets
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