A Xiamen Airlines aircraft bearing the UN Sustainable Development Goals logo sits on the tarmac in Charleston, South Carolina, in January 2018. If market capitalism cannot get its act together to save lives and the planet, could state capitalism provide a way forward? Photo: Xinhua A Xiamen Airlines aircraft bearing the UN Sustainable Development Goals logo sits on the tarmac in Charleston, South Carolina, in January 2018. If market capitalism cannot get its act together to save lives and the planet, could state capitalism provide a way forward? Photo: Xinhua
A Xiamen Airlines aircraft bearing the UN Sustainable Development Goals logo sits on the tarmac in Charleston, South Carolina, in January 2018. If market capitalism cannot get its act together to save lives and the planet, could state capitalism provide a way forward? Photo: Xinhua
Anthony Rowley
Opinion

Opinion

Macroscope by Anthony Rowley

ESG investing: How markets are going the wrong way to save the planet

  • Worthy as its basic aims are, ESG fails to offer direct routes for private investors to fund critical projects at scale
  • The participation of governments and multilateral development agencies, for example, is needed, to provide a pipeline of projects and markets to help finance them

A Xiamen Airlines aircraft bearing the UN Sustainable Development Goals logo sits on the tarmac in Charleston, South Carolina, in January 2018. If market capitalism cannot get its act together to save lives and the planet, could state capitalism provide a way forward? Photo: Xinhua A Xiamen Airlines aircraft bearing the UN Sustainable Development Goals logo sits on the tarmac in Charleston, South Carolina, in January 2018. If market capitalism cannot get its act together to save lives and the planet, could state capitalism provide a way forward? Photo: Xinhua
A Xiamen Airlines aircraft bearing the UN Sustainable Development Goals logo sits on the tarmac in Charleston, South Carolina, in January 2018. If market capitalism cannot get its act together to save lives and the planet, could state capitalism provide a way forward? Photo: Xinhua
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Anthony Rowley

Anthony Rowley

Anthony Rowley is a veteran journalist specialising in Asian economic and financial affairs. He was formerly Business Editor and International Finance Editor of the Hong Kong-based Far Eastern Economic Review and worked earlier on The Times newspaper in London