Leading European capitals, primarily Paris and London, in the near future will fight for the title of the leader of the environmental agenda and a kind of “green crown”, said the head of the American investment bank JPMorgan Chase Jamie Dimon, quoted by CNBC.
Related materials
00:00 – June 17
New greatness.
Russia can lead the world energy revolution. What’s stopping her?
00:02 – June 23rd
Read Also
- Boris Johnson pushes for energy company “windfall profits” tax to fund welfare May 27, 2022
- Euro 2020, “after the squares, 4-5 days to understand if there will be outbreaks” Jul 13, 2021
- Pesticides: Glyphosate sales drop 10% in 2021 Nov 15, 2022
- EXCLUSIVE-Brazil investigates US oil company Freepoint for alleged bribery plot Jun 3, 2021
- Andrea Duilio is the new CEO of Sky Italia Jul 26, 2021
- Sheryl Sandberg, number two of Meta, parent company of Facebook, resigned after 14 years Jun 2, 2022
- They present the Creative Directory and platform for entrepreneurs May 31, 2022
Insatiable.
Russian retail chains are buying each other. Why can food prices rise because of this?
According to the banker, Paris and London are competing for dominance in financial and investment products designed with environmental, social and governance factors in mind (together they form the popular ESG concept).
By some estimates, the total market value of such products – primarily bonds issued to finance green projects – will reach $ 53 trillion by 2025.
Other financiers interviewed by the publication note that for London, as for the rest of the UK, leadership in the “green” debt market can be a way to reduce losses from Brexit (after which many financial companies moved their headquarters and branches to continental Europe). In addition, the city can gain a foothold among the most iconic cities for the financial world – along with New York and Chicago, which are considered leaders in the field of trading in stocks and derivatives (futures and options), respectively.
Fast delivery of news – in the “Feed of the day” in Telegram