How green is green finance?

Published: Oct. 30, 2022, 11:30 p.m.

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We\\u2019ve been told that big finance is crucial to the transition to net zero, and billions of dollars are invested in so-called sustainable finance every year. But the BBC\\u2019s Climate Editor Justin Rowlatt, together with the Bureau of Investigative Journalism, have been looking into a new green finance product and found that not all is quite as it seems.

Their investigation has found an example of sustainable finance backed by the multi-national bank HSBC being used to help extract a vast new reserve of fossil fuels in Brazil. And it's not the only one. Some question how this can happen, while others defend it. \\n \\nPresenters Justin Rowlatt and Graihagh Jackson are joined by: \\n \\nTariq Fancy, former Global Chief Investment officer for Sustainable Investing at BlackRock \\nCaroline Harrison, Head of Market Intelligence Research at Climate Bonds Initiative \\nUlf Erlandsson, Chief Executive at the Anthropocene Fixed Income Institute \\nJulia Carneiro, journalist based in Brazil \\n \\nEmail us: theclimatequestion@bbc.com

Producers: Sophie Eastaugh and Miho Tanaka \\nResearcher: Natasha Fernandes \\nSeries Producer: Alex Lewis \\nEditors: Bridget Harney and Richard Fenton-Smith\\nSound engineer: Tom Brignell \\nProduction coordinators: Siobhan Reed and Helena Warwick-Cross

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