Many investors and corporations believe that accounting for the impact that businesses have on the environment, society as a whole and their own workforces benefits their bottom line.
A managed fossil fuel phasing-out offers a chance for producers – including governments, corporations and unions – to negotiate the terms of a ‘just transition’ to renewable energy.
The groundbreaking legal case has changed the game for how Australia’s $3 trillion superannuation industry invests, and how members are protected from climate risk.
To limit warming to 1.5°C above pre-industrial levels, we’ll need to cut global emissions by 7.6% each year this decade. It’s difficult, but not impossible.
Claire Matthews, Te Kunenga ki Pūrehuroa – Massey University
New Zealand’s government has hailed a fossil fuel ban for KiwiSaver default funds as part of its commitment to addressing climate change – but there’s scant detail about what exactly the ban covers.
Divestment doesn’t affect global demand for oil, it just transfers power to state-run oil companies – which have higher carbon footprints. But there are other things we can do.
The Saudi government’s oil firm is set to become the world’s biggest public company, but investors are already betting against its long-term prospects.
Morten Wendelbo, American University School of Public Affairs
The $4 billion that foundations are pledging to spend within five years amounts to less than 1 percent of what businesses and governments spend on global warming every year.