Leading European capitals, first of all, Paris and London, in the near future will fight for the title of the leader of the environmental agenda and a kind of green crown, told the head of American Investbank Jpmorgan Chase Jamie Daimon, who quotes CNBC.
According to Banker, Paris and London compete for dominance in the field of financial and investment products, developed taking into account environmental, social and managerial factors (all together they form a popular ESG concept).
According to some estimates, the total market value of such products is primarily bonds manufactured to finance environmentally friendly projects – by 2025 will reach 53 trillion dollars.
Other published financrafts noted that for London, as well as for the UK, leadership in the field of “green” debt market can be a way to reduce the losses from Brexit (after which many financial companies brought headquarters and branches to continental Europe) . In addition, the city can gain a member of the signs for the financial world of cities – along with New York and Chicago, who are considered leaders in the field of trading with shares and derivatives (futures and options), respectively.