TEAL EMERY: A chance to reshuffle the stacked decks of net zero measurements

Current rules greenwash rich countries’ climate record, and SA can do something about it.

Sovereign Debt
Business Day
South Africa
Climate Finance
I wrote an Op-Ed in South Africa’s premier financial newspaper. The article targets South African policymakers ahead of COP 27 on a key issue of climate finance affecting SA and other developing countries heavily dependent on sovereign debt markets.

Teal Emery

Teal Insights


June 30, 2022

Image of report cover

Image Credit: Business Day

Read the Op-Ed here.

About The Article

From the Op-Ed:

Is SA more carbon-intensive than Saudi Arabia? According to a draft proposal for net zero investing in sovereign debt that the Glasgow Financial Alliance for Net Zero (GFANZ) may soon adopt, it is. The proposed carbon intensity metric ranks SA dead last. If the Glasgow alliance adopts this standard it could compel financial institutions with $130-trillion in assets to steer their sovereign debt investments away from SA.

Citation Information


BibTeX citation:
  author = {Emery, Teal},
  publisher = {Business Day},
  title = {TEAL {EMERY:} {A} Chance to Reshuffle the Stacked Decks of
    Net Zero Measurements},
  date = {2022-06-30},
  url = {https://www.businesslive.co.za/bd/opinion/2022-06-30-teal-emery-a-chance-to-reshuffle-the-stacked-decks-of-net-zero-measurements/},
  entrysubtype = {newspaper},
  langid = {en}
For attribution, please cite this work as:
Emery, Teal. 2022. “TEAL EMERY: A Chance to Reshuffle the Stacked Decks of Net Zero Measurements,” June 30, 2022. https://www.businesslive.co.za/bd/opinion/2022-06-30-teal-emery-a-chance-to-reshuffle-the-stacked-decks-of-net-zero-measurements/.