Green Finance Outlook 2022, Visa goes into crypto consulting and GreenClimateDAO

Tearsheet’s Green Finance newsletter is about the intersection of money and the environment. We’ll be in your inbox every other week, and share what we’re currently thinking about, and what’s been happening at three key areas in the intersection: corporate responsibility, blockchain, and green products and services. Subscribe for yourself here. 

With 2022 around the corner, we take a look at what's been happening in the Green Finance industry to get an idea of what trends will continue next year, concerns that we should keep in mind, and new market players looking to fill in the gaps. Overall, it's been a busy year that ends in optimism as the financial world is beginning to take climate action.

See you next year!

Green Finance Outlook 2022: Trends, concerns and new entrants

The green finance market is anticipated to grow significantly in 2022 as the urgent need to transition towards a low carbon economy is beginning to materialize into action.

On one hand, banks are being pressured to ‘clean’ their books and begin divesting from fossil fuels, reorienting their funds towards greener developments. 

On the other hand, there are climate-centric companies that have mostly been working under the radar on sustainable technologies and services that have proven profitability, and they are hungry for capital.

The two industries are set to grow closer next year, especially with new fintechs coming in to bridge the gap and pair capital with clean projects.

A new wave of ‘climate fintechs’ is emerging, offering consumer products such as wooden debit cards and carbon footprint trackers, as well as commercial services like ESG management and portfolio optimization for fossil fuel divestment.

So, after a busy 2021 -- What trends will continue in 2022?

Read to find out (subscriber only)

What we're reading

Corporate responsibility

PwC: Investors want exec pay tied to ESG goals, give low grades to current company ESG reporting (ESGToday)

PCAF and CDC collaborate to help financial institutions measure and disclose their emissions (Finextra)

10 US asset managers emit 3 billion oil barrels a year (Environmental Finance)

Blockchain

Visa launches crypto consulting services in push for mainstream adoption (CNBC)

OCC highlights digital assets in risk report for banks (CoinDesk)

GreenClimateDAO set to unlock the power of the crowd to fight climate change (Yahoo Finance)

Green new era dawns for crypto with global mining shift (TechCrunch)

Green products and services

Citi will ask clients to measure emissions, climate impact may determine which clients to serve (ESGToday)

Green fintech Sugi teams up with Artorius to provide environmental metrics to wealth manager (Crowdfund Insider)