Green Finance
Major Investors Sign Climate Demand Letter of G7 Leaders on Eve of Summit

Major Investors Sign Climate Demand Letter of G7 Leaders on Eve of Summit

Large institutions investors representing more than $41 trillion in assets sent a strongly worded letter pressing the G7 governments to “set more ambitious emission reduction targets, detail “clear” road maps to decarbonize pollution-heavy industries and implement mandatory climate risk disclosure requirements,” CNN reported.

Why This Matters: Money talks.  Investors are increasingly willing to walk away from deals like oil and gas drilling projects in the Arctic or investments in fossil fuel companies that refuse to change their business models.

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State Treasurers Threaten to Pull Assets Out of Banks that Divest from Fossil Fuels

State Treasurers Threaten to Pull Assets Out of Banks that Divest from Fossil Fuels

American financiers are moving to divest from fossil fuels to help the U.S. reach net-zero carbon emissions, but some state Republicans are fighting back. Fifteen Republican state treasurers are now threatening to pull hundreds of billions of dollars worth of assets from large financial institutions if they move forward decarbonizing their portfolios per a letter they wrote to Climate Envoy John Kerry. 

Why This Matters: Banks and financiers have invested billions in destructive environmental practices. Deforestation funded by the world’s largest banks increased in 2020 despite COVID-19.

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Biden Signs EO to Evaluate and Mitigate Climate-Related Financial Risk

Biden Signs EO to Evaluate and Mitigate Climate-Related Financial Risk

Yesterday, President Biden signed an executive order on climate-related financial risk, a cross-governmental plan that directs federal agencies to identify and mitigate financial risks presented by climate change to Americans, businesses, and the government itself. The administration said that Americans are already facing risks due to worsening extreme weather events and other climate threats and they deserve […]

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75% of Global Companies Failing to Meet Paris Agreement Goals

75% of Global Companies Failing to Meet Paris Agreement Goals

by Natasha Lasky, ODP Staff Writer Though many companies have publicly announced their commitments to achieving net-zero emissions, new research paints a more sobering picture — less than a quarter of the world’s large public companies are on track to meet the goals of the Paris agreement by 2050.  In fact, emissions have continued to […]

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Earth Day Summit Prompts Talks of Private Investment Revolution

Earth Day Summit Prompts Talks of Private Investment Revolution

by Amy Lupica, ODP Staff Writer As President Biden’s long-anticipated virtual Earth Day climate summit begins today, dozens of companies are set to announce significant investments in renewable energy, electric vehicles, and conservation to help the U.S. reach net-zero emissions by 2050.  Yet it will be the global financial sector that will be subject to increased pressure […]

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A Climate Change Two-Fer: Big Climate-Focused Jobs Package And Kerry Goes to India and the UAE

A Climate Change Two-Fer: Big Climate-Focused Jobs Package And Kerry Goes to India and the UAE

Today the Biden administration unveils its American Jobs Plan and it is chock full of actions that will create jobs and address climate change and environmental justice issues.  At the same time, the Wall Street Journal reported last night that Presidential Climate Envoy Kerry is traveling later this week to the United Arab Emirates and then on to India.

Why This Matters:  Climate policy is central to both the Biden foreign and domestic agendas.

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