By Roy L Hales
As the severity and frequency of extreme weather events keep increasing, there is a growing realization that Climate Change brings costs and opportunities. These can be analyzed in financial terms, by measuring the in tons of carbon produced, meters of water and hectares of land use. The British data company Trucost Plc evaluates individual companies environmental performances, calculates their annual emissions and, dividing this by annual revenues, gives them a rating. Trucost Plc, S&P Dow Jones Indices and the Toronto Stock Exchange (TSX) have partnered to offer three new subindexes for investors going green on the TSX.
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The International Energy Agency calculated if World leaders fulfill the pledges made to the UN, for the Paris talks, $13.5 Trillion will Be Invested By 2030
Originally Published on Clean Technica
By Sandy Dechert
The International Energy Agency produced a World Energy Outlook special briefing today to reveal the energy sector implications of the national climate pledges (INDCs) submitted to the UN for its the upcoming climate summit in Paris (COP21). IEA estimates that in order to implement the climate investment pledges made to the UN by world leaders, the global energy industry must invest $13.5 trillion through 2030 in efficiency measures and low-carbon technologies. IEA’s analysis includes deployment of nuclear, wind, and solar power plus carbon capture and storage technologies. Download the briefing here.
Continue reading $13.5 Trillion will Be Invested By 2030
A £8 billion pension fund cleansing itself of from stocks in coal, oil and gas companies; The City of Oslo Divests From Fossil Fuels
Originally Published on Click Green
Oslo city leaders have announced that it will divest its £8 billion pension fund from coal, oil and gas companies, becoming the first capital city in the world to ban investments in fossil fuels.
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430 institutions and 2,040 individuals across 43 countries have now committed to to divest $2.6 TRILLION from fossil fuels
Originally Published on Divest-Invest
The movement to divest from fossil fuels and invest in renewable energy and climate solutions has exploded, growing 50-fold in just one year and topping $2.6 trillion, according to a new analysis released today. More than 400 institutions and 2,000 individuals have pledged to divest from fossil fuels, the report from Arabella Advisors found. These commitments include governments and investors from 43 countries and multiple sectors, including pension funds, health, education, philanthropy, faith, entertainment, climate justice and municipalities.
Continue reading To Divest $2.6 Trillion From Fossil Fuels
A Testimony of the growing momentum of the transition to a low-carbon economy from Climate Week New York: The Energy Revolution’s Economic Opportunity.
Originally Published on RMI Outlet
By Jules Kortenhorst, CEO or RMI
Yesterday marked the end of the seventh Climate Week NYC. The annual event brings together influential global figures—and new voices—from the worlds of business, government, and society who are leading the low-carbon transition. We live in an exciting time, when more companies and investors are committed to bold climate leadership than at any other time in history. RMI/CWR is proud to be part of Climate Week. We know that the transition to a low-carbon economy is essential, and is the only pathway to long-term sustainable economic growth. Bold climate action is not a burden, but a historic opportunity!
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By Roy L Hales
Western Europe is the #1 choice destination for foreign investors, according to this year’s EY Foreign investment survey. Half of the respondents indicated it was the most attractive region to establish operations and 59% expect the financial climate to get even better. Investors with a European presence were more likely to rank it first (55%), while other respondents tended to prefer North America or China.
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Compiled from emails
Around 50 people met on the corner of West Broadway and Bayswater St, in Vancouver, to show their love for planet Earth on Valentine’s Day. They engaged with a few hundred passerbys.
Continue reading Vancouver Street corner party for Global Divestment
By Roy L Hales
“We have sinned,” the President of America’s most prominent seminary wrote in Time Magazine. She was not referring to a sex scandal or embezzlement, but rather the Union Theological Seminary’s stock portfolio. In the past, many mainstream churches have spoken against Climate Change in the past. Now they are divesting themselves of fossil fuel investments.
Continue reading Churches are Divesting Themselves of Fossil Fuel Investments