Jo Richardson discusses the influence of the global debt market on climate transition compared to the stock market.
Comments/ideas: ACFpod@outlook.com Jo Richardson, head of research at the Anthropocene Fixed Income Institute, explains why the global debt market holds more power over climate transition than the stock market. Of the world’s 100 largest emitters are responsible for 75% of all emissions, but only 30 are listed on the stock market, yet all have debt outstanding. This reality gives fixed income investors unique influence over governments and private companies through the cost of capital. This e...