Investor coalition unveils climate targets
A group of 30 investors with $5trn in assets under management has agreed to a series of decarbonisation targets that will align their portfolios with the Paris Agreement during the next five yearsThe “transparent and unique“ goals will force thousands of companies owned by members of the UN-convened Net-Zero Asset Owner Alliance to make deep emission cuts if they are to avoid divestment. The
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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.
Dr Barbara Buchner, global managing director of Climate Policy Initiative, tells Chris Seekings about the urgent need to raise climate finance for developing nations, and how far we are from the US$100bn goal