How green is green finance?

We’ve been told that big finance is crucial to the transition to
net zero, and billions of dollars are invested in so-called
sustainable finance every year. But the BBC’s Climate Editor
Justin Rowlatt, together with the Bureau of Investigative
Journalism, have been looking into a new green finance product
and found that not all is quite as it seems.


Their investigation has found an example of sustainable finance
backed by the multi-national bank HSBC being used to help extract
a vast new reserve of fossil fuels in Brazil. And it's not the
only one. Some question how this can happen, while others defend
it. Presenters Justin Rowlatt and Graihagh Jackson are joined by:
Tariq Fancy, former Global Chief Investment officer for
Sustainable Investing at BlackRock Caroline Harrison, Head of
Market Intelligence Research at Climate Bonds Initiative Ulf
Erlandsson, Chief Executive at the Anthropocene Fixed Income
Institute Julia Carneiro, journalist based in Brazil Email us:
theclimatequestion@bbc.com


Producers: Sophie Eastaugh and Miho Tanaka Researcher: Natasha
Fernandes Series Producer: Alex Lewis Editors: Bridget Harney and
Richard Fenton-Smith Sound engineer: Tom Brignell Production
coordinators: Siobhan Reed and Helena Warwick-Cross