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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.
NYC: Mayor, Comptroller, Trustees Announce First-In-The-Nation Goal to Divest From Fossil Fuels
On Monday, France hosted the One Planet Summit for biodiversity where the leaders of more than 50 nations launched the High Ambition Coalition (HAC) for Nature and People. The coalition aims to secure a global agreement to protect at least 30% of the planet’s land and ocean by 2030 when the Convention on Biological Diversity […]
Each January, the Eurasia Group, a management consultancy, looks at the biggest global political risks in the year to come. Climate change is perennially on the list — this year it ranks thirdbehind public doubt in the legitimacy of President-elect Biden’s election and the coronavirus.
Why This Matters: “In 2021, climate will go from a playground of global cooperation to an arena of global competition.”
When you leave your front door, what can you reach in 15 minutes by foot or bike? A grocery store? A school? A park? That’s the question that many urban planners are using to shape plans for how cities operate in the future. The 15-minute city means designing neighborhoods where everything people need, from housing to dining to cultural institutions, is within that 15-minute radius.
Why this Matters: It’s a good idea to create neighborhoods that fulfill people’s basic needs so that they won’t have to travel as far to manage their daily lives – especially post-pandemic when more people are likely to work from home.
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