In today’s email blast, Simon Zadek of the UNEP Inquiry Into the Design of a Sustainable Financial System shares from Shanghai this quote from a communique issued at the conclusion of a convening of the G20 Finance Ministers and Governors:
Recognizing the pressing environmental challenges and the importance of mobilizing green finance, we have established the G20 Green Finance Study Group (GFSG). We ask the GFSG to identify institutional and market barriers to green finance, and based on country experiences, develop options on how to enhance the ability of the financial system to mobilize private capital for green investment. The GFSG will collaborate with other G20 groups and other external initiatives as well as with the private sector. We expect the GFSG to deliver a synthesis report by our July meeting.
Conspicously absent from the leadership of these important conversations are the Americans.
Why is this, when we stand at the inflection point for the Next Great American Experiment: the creation by design of an evergreen superfiduciary system of finance and good stewardship of a future filled with possibilities for life, liberty and the pursuit of happiness?