gives us direct access to solar power and wind farms. That is more important for us than funding a green UK government bond.


Freedman: Society has the most to benefit from a higher emitter moving towards lower emissions rather than buying a wind farm credit that might add one or two more wind farms to its portfolio. It is about looking at the bigger picture.


18 April 2022 portfolio institutional roundtable: Fixed Income


Clissold: What worries us is that the largest polluters are in emerging markets, which makes their cost of capital more expensive in an environment where they need a lot of capital to shift their power production from coal. Evans: I know trustee boards who are concerned that the rush to green assets is not intelligent enough. They believe they would be doing more for the planet by buying something with


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