Published in The Hill on April 20, 2021
Last week Norway’s $1.3 trillion wealth fund announced it may no longer invest in assets from the developing world, also known as the “emerging markets,” in order to comply with a new proposal that seeks to tighten environmental and ethical standards in its investments. While cutting off financing to developing countries may increase their portfolio’s environmental, social, governance (ESG) scores, it would be a missed opportunity for the planet.
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