By Nick Robins - UNEP Finance Inquiry – January, 2017
2016 is on course to be not just the hottest on record, but also probably the dirtiest and most hazardous too. “The climate has broken records in 2016“ says World Meteorological Organization chief Petteri Taalas. Smog once again returned to haunt many of the world’s cities notably in China, Europe and India - with the primary cause the same as climate change: the burning of fossil fuels.
Some investors are already screening companies through enhanced qualitative parameters. However, these practices usually lead investors to companies operating in a green sector (for example renewable energy projects) and not to “normal” companies in the process of implementing a green business model.
By Chris Hopkins - Green Economy Coalition – January, 2015
Towards the end of 2014, carbon divestment enjoyed substantial global attention on the back of several high profile campaigns, the September UN climate summit, and IPCC confirmation of the imminent need to cut carbon to stay below 2°C warming.
By Sam Friggens - Writer and Energy Analyst – September, 2013
Consider some numbers for a minute.
Work by the Carbon Tracker Initiative estimates that last year listed fossil fuel companies spent £427bn on developing new reserves of oil, coal and gas – despite the fact we can’t burn all existing reserves to stand a good chance of limiting global warming to 2C, the internationally agreed goal. In the words of Carbon Tracker founder Mark Capanale, this means that “over the next 10 years these companies will be tapping pensioners in the UK and the US for around $7 trillion to expand the fossil fuel sector”.
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