Opinion

Disclosure isn’t enough: It’s time to tax high-carbon investment

Emissions cooling towers
An investment emissions intensity tax would penalise investors if their portfolio emissions intensity exceeded thresholds tied to net zero pathways. (Photo: Qilai Shen/Bloomberg)

The introduction of an investment emissions intensity tax to penalise investors based on the emissions their portfolios finance would challenge funds to match net zero declarations with actions.

This is supposed to be the golden age of climate disclosure. But despite their catastrophic emissions, business is booming for ...

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