Tag Archives: Generation Y

How a greener economy can help fix Europe’s labour market problems

This post is by Emily Coats and Dustin Benton, co-authors of a new Green Alliance briefing Job creation and the circular economy.

Labour markets are news again. Of course, the term never appears in the headlines, but the effects of a changing jobs market are front page news: Donald Trump, Norbert Hofer, Marine Le Pen and even the UK’s own EU referendum are the political expression of a battle between cosmopolitans, who benefit from a globalised economy, and those whose employment is at risk from globalisation, mechanisation and a declining manufacturing base. Read more

What will turn Generation Y onto sustainable investment?

The Stock MarketProfessional investors have been stubbornly resistant to the idea that climate change should have any bearing on their decision-making. They continue to sink money into high carbon industries while ignoring the returns available from green infrastructure like clean energy and sustainable transport. These low carbon developments face an annual global funding gap of $1 trillion dollars. As Martin Wolf said in the FT, “Investors are implicitly betting [that] the world will abandon its pledge to keep emissions below the level thought to produce a rise of 2C.” Read more

Why Generation Y is turned off by investment in their future

geny2This post is by Saker Nusseibeh, chief executive officer of Hermes Fund Managers. It is the foreword to Green Alliance’s new report The future savings challenge, produced in association with Hermes.

In the debate about the future of the financial system and the reforms needed to ensure that it is better positioned to serve its proper purpose in society, what is often forgotten is that the investment industry is merely an agent for ordinary savers, who are often excluded from the discussion by the ‘professionals’ and the academics. Such exclusion reflects the disassociation of the ultimate asset owners from the actions undertaken by their agents, which in many ways has contributed to the dysfunctionality of the industry. Read more