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But the real challenge is everything in between — some would say the '50 shades of green'," Usher said during a "IOT: Powering the Digital Economy" panel moderated by CNBC's Steve Sedgwick at this year's World Economic Forum in Davos, Switzerland. This refers to companies still working toward making their businesses more sustainable, making them more difficult to label as truly green investments, according to Usher. watch now"If you're going to work in helping deal with heavy emitting sectors and you're going to put more capital in to help them reduce [emissions], that's going to increase your emissions profile," he explained. "So there's a lot of definitional stuff that's needed before the capital is going to flow really at scale," Usher added. More and more businesses strived to make their businesses more sustainable amid severe weather events across the globe.
Persons: Mark Kerrison, Eric Usher, Usher, Steve Sedgwick, hasn't Organizations: United Nations Environment, Finance Initiative, Economic, UNEP FI Locations: London, United Kingdom, , Davos, Switzerland, U.S, Europe
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailUN's Usher highlights financing challenge for companies in green transition"The money is starting to move away from the really non-green stuff but the real challenge is everything in between – some would say the '50 shades of green'," the head of the United Nations Environment Programme Finance Initiative, Eric Usher, told CNBC at this year's World Economic Forum in Davos, Switzerland.
Persons: Eric Usher Organizations: United Nations Environment, Finance, CNBC, Economic Locations: , Davos, Switzerland
"This new generation of high ambition targets can enable a cleaner greener food and agriculture sector," said Eric Usher, Head of the U.N. Environment Programme Finance Initiative, which helped convene the group and approved the targets as ambitious. Ahead of the COP27 global climate talks in Egypt in November, investors are increasingly focusing on links between a healthy food system and efforts to fight global warming and preserve biodiversity. "The wider finance sector must use COP27 to supersize its ambition and grow a more sustainable food and agriculture sector," Usher said. "Identifying what a state-of-the-art, credible target to finance sustainable food and agriculture looks like is a vital part of addressing the urgent climate and food crises," said Wiebe Draijer, co-chair of the Good Food Finance Network and former CEO from Rabobank.
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