Central bank group BIS warns of green asset bubble risk
The Bank for International Settlement (BIS) warns of the growing risk of a price bubble in the ESG market. It is estimated that the ESG market now accounts for one third of all the financial assets and is valued at $35 trillion. Along with this there’s speculation around greenwashing that may over exaggerate asset values. If these exaggerated values are unleashed the values are expected to plunge even higher.
Re-disseminated by Wealth and Society from Reuters