Why Industrialized Countries Hinder Less Developed Nations' Industrialization in the Face of Climate Change

Abstract

Finance engineer (Forensic finance and audits) blog:www.kellykingsly.com https://www.linkedin.com/in/kelly-kingsley-ph-d-2a5a1416/ Why Industrialized Countries Hinder Less Developed Nations' Industrialization in the Face of Climate Change In summary, the problem encompasses the role and nature of corporations and capital allocation within financial markets. The aim is to establish an economy in which any form of invested interest, rooted in the mindset of engaged investors, becomes the prevailing standard rather than an exception. This endeavour requires not just a transformation, but a profound and revolutionary one of the investment chain, in which your role as academics, researchers, and professionals is crucial. It is projected that such a change in practice and convention will necessitate a time frame ranging from a generation to a decade, taking into account the culmination of findings from various Councils, as well as the convergence of legal, economic, and civil society trends analysed by Project Greenlight WP7. These forces will inevitably intersect, merge, and solidify, subtly influencing habits and shaping business models toward novel trajectories. Simultaneously, there exists a potential risk of undesirable inertia within a particular segment of the financial industry, characterised by an allure of complacency or an illusion of benign progress. SupposeSuppose investments primarily revolve around individuals who possess savings in financial assets expressing interest in social and environmental performance. Expressing interest in social and ecological performance questions: Is this commitment sufficient to act as a significant catalyst for impactful economic change in the long run? Despite annual sustainability reporting, why does the normative economic drive appear to be impeded or r or stifled in its growth? (Laplane & Mazzucato, 2020)(Laplane & Mazzucato, 2020) (Laplane & Mazzucato, 2020) (Johnson, 2021) (Moore, 2023) (Mujahidin, 2022) (Adkins et al., 2020) (Todaro & Smith, 2020) (Dewick et al. 2020) (Gibson-Graham & Dombroski2020) (Kuziemski & Misuraca, 2020) (Chen et al., 2021) The scale of the challenge of achieving practical sustainability and the speed at which we need to do so mean that we cannot continue with "business as usual." Sustainable finance is essential in supporting companies in developing business models that are genuinely profitable and sustainable. There are many valuable initiatives and projects in sustainable finance, such as task forces related to climate change, initiatives focused on business and human rights, and developments in accounting standards. However, the Council concludes they are not happening at a pace or scale that delivers practical sustainability or truly sustainable finance. Our work suggests many reasons for this, some to do with actors and actions, some to do with the underlying assumption of business and investment, and some to do with the challenges of directing investments to where they could make a real difference to pressing sustainability needs. In this report, we have placed the question of the assumed interconnected relationship between value and values at the heart of our inquiry. In addition to considering the explicit pursuit of valuebased strategies by typical savers, we have also asked whether the system, as it is currently constructed, represents a proper relationship between the provision of finance and the requirements of the real economy.