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Green Finance
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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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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by Natasha Lasky, ODP Staff Writer A new report, published Wednesday found that the world’s largest commercial and investment banks have altogether put $3.8 trillion into fossil fuels from 2016 to 2020. This report — a collaboration between the Rainforest Action Network, Bank Track, Indigenous Environmental Network, Oil Change International, Reclaim Finance, and Sierra Club […]
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To make good on its Build Back Better promise, the Biden administration is considering a very big infrastructure bill — spending could be as much as $300 billion a year for 10 years or $3 trillion total — with much of it going to update energy infrastructure to make it “cleaner” and also for the energy grid, roads, bridges, and water pipes and sewer upgrades to make them safer and more climate-resilient, several major media outlets are reporting.
Why This Matters: Americans, according to recent polling by Yale University’s climate communications project, overwhelmingly want to see Congress and the administration take bold action on climate change.
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Protecting nature and maximizing the capacity of land and water to sequester carbon is one of the best tools to help fight global climate change. Yet many of Earth’s most biodiverse ecosystems are in serious jeopardy: for example, a first-of-its-kind study from Frontiers in Forests and Global Change revealed that the Amazon rainforest emits more […]
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On Tuesday, the CEO of Blackrock, the world’s largest asset management company, announced in his yearly letter to his clients that they must layout comprehensive game plans to survive in a net-zero world.
Why This Matters: A 2020 report from portfolio.earth found that the world’s largest investment firms and banks are investing trillions each year into operations that damage the environment and threaten biodiversity.
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