Webinar "Sustainable Finance and the design of ESG strategies" - 2nd March
Issued: Mon, 22 Feb 2021 14:30:00 GMT
We are delighted to announce our next webinar on “Sustainable finance and the design of ESG securities”.
Aside from laudable ethical values, sustainable finance is really about mitigating negative externalities and placing economic costs on the shoulders of the agents who created them. So far, such costs have been partially regarded as non-excludables, i.e. devolving on the social group given the impracticability of their allocation onto individual members. Producers are responsible for 100% of the manufacturing process output, subdivided into products, waste and second-order environmental impact, and bear less than 100% of the costs. Taxpayers, as a class, take no part in the manufacturing and bear whatever part of the cost not picked up by producers. It is easy to see that taxpayers subsidize producers insofar as the costs of monitoring, cleaning, physical reparation, medical treatment, and medical facilities, to name a prominent few. It is Pareto efficient to measure the tax burden and move taxation from ex post redress to ex ante transfers to producers and debt holders proportionally to their contribution to the reduction of the negative externalities. It is likewise efficient to establish primary and secondary intermarkets for the trading of ESG securities price sensitive to producers’ deviation from predetermined targets. International coordination and transnational market regulations are called for.
The presentation will be followed by Q&A.
Please find the joining details below. Registration is not required.
Topic: CFL Presentation - Mr. Gustavo Grebler
Time: Mar 2, 2021 02:30 PM London
Join Zoom Meeting
Meeting ID: 980 6868 2691
The recordings of the webinar will be circulated shortly after the event through our usual social media channels.
We look forward to seeing you there!