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Alexander F. Wagner shows that sustainable finance has resulted in some progress but that the extent to which the financial industry can contribute is still up for debate.
The last three years have seen two "black swan" events: the outbreak of a pandemic and the outbreak of war in Europe. But that's not all the bad news—the specter of inflation has appeared and taken on an intensity not seen in more than a generation, and the risk of a global recession is now looming. As a consequence, the world order is shifting.