Clare Foster, Head of Clean Energy and a project finance partner in the banking and finance team at leading corporate and commercial law firm Shepherd and Wedderburn, says what we need, she believes, is disruptive collaboration to help clean energy projects move forward faster. There is appetite from the financial sector, but it would move much faster if change was underpinned by government intervention in the form of regulation. “For example, pension investment is largely determined by permitted asset classes, with investment managers allowed to operate in specific areas which restricts their ability to invest in certain sectors and technologies. Imagine the possibilities if we challenged the parameters of those categories of asset class to suggest that every investment ought to be based on a strategy that leads to decarbonisation and net zero?
Herald 5th May 2021 read more »