"[T]he solution has to be real economy government regulations to ban or to make higher [the] cost of the brown and polluting industries. That said, there are parts of finance which are longer-term and [evaluate] climate risks . . . and these are asset owners, the pension funds, the wealth funds and the insurance companies who are not so transactional [and] they’re not [as] interested in a deal to be done today. And they are in fact often mandated by their governments to take into account climate risk. So, I think those players will step up in this instance [turmoil in energy markets following Russia's 2022 invasion of Ukraine] and [now who might be] investing for [an electricity generation project with a] 10-year horizon which you have to do with gas they will [say], "Let’s do it with renewables." And we’ve seen movements like that in the UK, where they’re pivoting towards onshore wind, which before the invasion was politically unviable because of the NIMBY factor. . . . [T]he pension funds and the actual asset owners . . . have a longer term of perspective. And they are actually driving the issue to their commercial managers who have to service them and they’re saying, "Look, we want you to act on climate change," and that's a huge driver."
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Dylan Tanner, executive director of Influence Map (a London-based think tank "that provides data and analysis on how business and finance are affecting the climate crisis"), in an interview on the Climate One podcast entitled "Big Money: Investment Managers Driving Corporate Action". (May 6, 2022)
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