The world could hardly be described as living in harmony judging by the wars dominating the headlines and the political blocs which are forming. Yet, if there is one issue governments largely agree on it is the need to fight climate change.
Energy is central to this issue. Burning oil and gas fuels higher living standards but has led to higher temperatures, rising sea levels and extreme weather patterns which threaten our safety and ability to grow food.
While deadlines differ, governments understand that their economies need to produce less carbon. Therefore, cleaner sources of energy need to be found. Renewables dominate the UK’s national grid, for example, but there are questions around the reliability of power-derived from the sun and the wind.
Then there are batteries. They are the preferred model of eradicating oil from our highways yet concerns around efficiency and cost are mounting.
Our ESG coverage in June centres on how close (or far) we are to ditching oil and gas all together. This may not be a comfortable read for those hoping to live in a cleaner world anytime soon.
We also speak to the head of responsible investment at Border to Coast about how the pension pool is driving change in the real economy, while we put sustainability-linked bonds under the microscope.