Climate-focused funds see assets grow to record $408bn
High investor demand and regulatory pressures saw assets in climate-focused funds double to a record $408bn (£313bn) last year, according to a report from Morningstar.The financial services firm – which identified 860 mutual funds and exchange-traded funds with a climate-related mandate at the end of last year – said that assets were boosted by an accelerated pace
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UK chancellor Rishi Sunak has today confirmed a temporary windfall tax on the profits of oil and gas firms to help with the cost-of-living crisis.
Limiting global warming to 2°C above pre-industrial levels is now possible if all nations honour the climate pledges made at the Glasgow COP26 conference last year, a new study has found.