To accelerate and scale up climate investment, they should, first and foremost, adequately price carbon emissions. This is in line with the standard recipe for how to respond to externalities as explained in economics textbooks. Current pricing harms the business case for climate investment. We need to turn this around. To that end, carbon taxes must be raised and fossil fuel subsidies phased out.
The possession of information particularly when it is accurate and credible gives those who have it considerable advantage over those who do not. In the economic and financial spheres, information is so critical to the conduct of business that the provision of certain types, for example, accounts, are legally required and have to be publicly certified.