January 2023 Sustainable Investment Update
Since its ratification in August, the Inflation Reduction Act (IRA) has been the focus of policymakers, businesses, and investors worldwide as they seek to understand the risks and opportunities associated with the U.S. climate spending bill. Europe, in particular, has been pressured to respond with an “EU IRA” to dissuade businesses from relocating their operations to take advantage of U.S. solar, wind, and other clean-tech subsidies. This month, in addition to the implications of protectionist policies and a potential subsidy war, we share takeaways from December’s Global Conference on Biodiversity “COP15” and the sense of urgency needed to prevent biodiversity (and resultant financial) loss.
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