DITCHED: New York’s Divest/Invest Commitments with Daniel Zarrilli and Alfred Griffin

by Julia Pyper, Host/Producer, Political Climate

Cities and states have powerful roles to play in divesting from fossil fuels and directing investments toward sustainable industries. There are a number of ways for these sub-national actors to participate in the divest/invest movement and help pave the way for more widespread action. 

In this episode of Political Climate’s DITCHED series, we go to the home of Wall Street and look at steps being taken by New York City and New York State to accelerate the movement of funds from brown to green resources. 

We speak to NYC’s chief climate policy advisor Daniel Zarrilli about the city’s pledge to fully divest its pension funds from fossil fuels. Then, in the second half of the episode, we speak to NY Green Bank President Alfred Griffin about how green banks operate and the role they fill in transforming financial markets.

*Since this podcast aired, New York State announced it will divest its $226 billion pension fund from fossil fuels, becoming the largest pension fund to make such a commitment to date. Both New York City and New York State have now pledged to fully divest from fossil fuels. New York State went even further by setting a 2040 carbon-free target for all parts of its portfolio.

Recommended reading:

  • NYC: Mayor, Comptroller, Trustees Announce First-In-The-Nation Goal to Divest From Fossil Fuels
  • Smart Cities Dive: 12 major cities pledge fossil fuel divestment
  • Inside Climate: Could New York’s Youth Finally Convince the State to Divest Its Pension of Fossil Fuels?
  • NRDC: First Global Survey of Green Banks Finds Rapid Growth in their Numbers and Importance in Low-Carbon Finance
  • Vox: New York just passed the most ambitious climate target in the country

Listen and subscribe to Political Climate on Apple Podcasts, Spotify, Stitcher, Google Play or wherever you get podcasts!

Up Next

Microplastics Float Through The Air, Cross Oceans, New Study Finds

Microplastics Float Through The Air, Cross Oceans, New Study Finds

Plastic pollution is one of the direst environmental crises we face. Worse yet, nearly all the plastic ever created still exists in some form today yet much of it has merely broken down into microplastics–microscopic fragments of plastic that are ubiquitous in the environment. They’re in food, seaspray, and now, according to new research published […]

Continue Reading 456 words
One Game Thing: Recycling Clothes Virtually and IRL

One Game Thing: Recycling Clothes Virtually and IRL

The retailer H&M, which has long given a discount to shoppers who bring in old clothes to recycle, is taking its “game” to a whole new level.  They’re partnering with Game of Thrones’ star Maisie Jones to promote their sustainability programs both online and in real life.  Jones now has an avatar, and both of […]

Continue Reading 179 words
New Study Finds that Plastic Pollution is an Environmental Justice Issue

New Study Finds that Plastic Pollution is an Environmental Justice Issue

by Natasha Lasky, ODP Staff Writer A new UN report suggests that plastic pollution isn’t just a threat to marine life — it’s also an issue of environmental justice. The report, titled Neglected: Environmental Justice Impacts of Plastic Pollution, highlights that poor nations and communities around the world disproportionately suffer the effects of plastic waste. This […]

Continue Reading 386 words

Want the planet in your inbox?

Subscribe to the email that top lawmakers, renowned scientists, and thousands of concerned citizens turn to each morning for the latest environmental news and analysis.