EU and UK climate rules may lead to a disorderly transition
Asset managers can wait until 2024 to disclose the carbon emitted by their investments
New regulations that would force European investors to disclose their financed emissions may take effect too late and do too little to ensure a smooth transition to a net-zero economy by 2050. The European Commission and the UK’s Financial Conduct Authority want asset managers to disclose the carbon emissions in their investment portfolios by 2024, but they will not require firms to set out a plan to cut those emissions.
The regulators are – for now – leaving it to the market to pressurise
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