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Are green markets fair?

Finance is getting better at green, but the journey to a fairer transition remains long.
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Green and social considerations are closely connected. Accepting this in theory is rather straightforward; enacting it, less so.

Carbon markets are a case in point. Initiatives aimed at pricing carbon dioxide emissions so that polluters would find it more costly to continue with business as usual are effective when the price they assign to carbon is high enough to prompt a switch to green. That switch, however, has economic and, therefore, social repercussions that are harder to manage. 

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Silvia Pavoni is editor in chief of The Banker. Silvia also serves as an advisory board member for the Women of the Future Programme and for the European Risk Management Council, and is part of the London council of non-profit WILL, Women in Leadership in Latin America. In 2019, she was awarded an honorary fellowship by City University of London.
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