Home Tags Climate change
Tag: climate change
An interview with Barry Bredenkamp, General Manager Energy Efficiency, South African National Energy Development Institute (SANEDI), and Dr Ivor Blumenthal, CEO, ArkKonsult, discussing the Green New Deal (GND) and how harnessing its benefits can help grow the economy and create jobs in a post-COVID-19 world.
While lockdown inadvertently helped to reduce carbon dioxide emissions, it is critically important that sustainability of the environment is at the heart of post-COVID-19 recovery efforts. This is where the much-talked about Green New Deal (GND) becomes crucial and while it’s no panacea to economic challenges, harnessing its benefits can help grow the economy and create jobs in a post-COVID-19 world.
What does the economic downturn mean for the asset management sector and how should we respond? The asset management industry is facing uncharted territory as it grapples with the impact of COVID-19 on business models and the challenge of integrating technology into their existing business models.
Amongst the global elites attending the World Economic Forum (WEF) at Davos, financial companies represent the biggest single industry attendance, which makes it clear that it’s all about the political power of money. Power, politics and finance in today’s economic systems go hand in hand.
As we enter a new decade, CEOs are showing record levels of pessimism in the global economy, with 53% predicting a decline in the rate of economic growth in 2020. This is up from 29% in 2019 and just 5% in 2018 – the highest level of pessimism since we started asking this question in 2012.
Investors’ appetite across the globe for exchange-traded funds (ETFs) was strong in 2019 and shows little sign of slowing. I share some of the themes and trends that I see ahead in 2020. The tailwind for ETFs going into not only a new year but a new decade couldn’t be stronger. Last year, global ETF assets under management (AUM) surpassed US$6 trillion, and in Europe we broke US$1 trillion in AUM.1
Demonising oil and gas companies is not a constructive way forward on energy transition. Africa will push for 'the Right to Drill'. African nations must and will take advantage of their hydrocarbon resources for economic development. Environmental sustainability is a part of it, not an impediment.
History is one of investors’ greatest teachers, offering rich lessons and valuable guiding principles. But this aspect of investing is very much a level playing field – the past is 'open access'. The distinction of the skilled investor lies in the discipline of applying the lessons and principles from history to the future.
It is not a lack of talent that resulted in 30 JSE listed companies being without female representation on their boards, and a further 67 that may fall into this category. Rather, it is that female talent lacks deep experience in comparison to their male counterparts.