Political Backlash and High-Interest Rates Dampen ESG Enthusiasm ...Middle East

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These days, ESG investments have lost their luster given high interest rates, political backlash, and greenwashing scrutiny. In 2021 during the pandemic boom, U.S. sustainable funds hit a record $358 billion in assets, up from $95 billion in 2017. But since then, investor interest has waned as higher borrowing costs impact capital-intensive clean tech stocks. This graphic, created by Visual Capitalist's Dorothy Neufeld, shows the drop in sustainable fund flows—often considered an indicator of investor sentiment—based on data from Morningstar.…

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