Please find below GFO's comments on the draft criteria proposal for the product scope and ecological criteria (Draft Ecolabel for Retail Financial Products). Only the questions that are relevant to GFO are reproduced here. Comments on the Draft criteria proposal for the product scope and ecological criteria
First policy report – 50 shades of green: the rise of natural capital markets and sustainable finance
Carbon markets have spectaculary failed to curb greenhouse gas emissions for over a decade, and it has been demonstrated that they suffer from unresolvable conceptual issues, such as the inexistence of a reliable price signal. As a result, they will never work and should be abandoned. Once carbon becomes an asset class for investors, it …