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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
by Amy Lupica, ODP Staff Writer The Ford Motor Company has announced that it will be spending more on electric vehicles (EVs) than on internal combustion models in 2023. The news comes as the Biden administration continues negotiations with the nation’s automakers to ensure that 40% or more of all vehicles sold will be electric by the end […]
In the fight against climate change, protecting nature can be a very powerful tool in sequestering carbon and serving as a means of protection from the inevitable effects of a warming planet. Nature-based solutions (NBS) harness the power of nature and existing ecosystems to better store atmospheric carbon and increase the resilience of human communities […]
While an Olympic medal is special in its own right, the ones being handed out at the Tokyo 2020 games come with a little extra magic. After Tokyo won its bid to host the games, the Tokyo Medal Project, called on the Japanese people to donate their old recycled old electronic gadgets such as smartphones […]
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