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As more and more institutions and people are divesting from fossil fuels globally, climate responsible finance is booming. But other entities such as cities, regions as well as utilities, banks or any sort of company can issue such bonds to finance climate responsible projects.
These young people have grown up under the shadow of climatechange, and they rightly view it as a threat to their future. Since large-scale production of Tesla vehicles only started in 2013, most of these vehicles are still on the road. Unfortunately, global recycling capacity for LIBs is in its infancy.
We have primarily concentrated on the oil and gas industry, but the outcomes have been disappointingly limited, particularly with recent target reversals. “It may be necessary to reconsider our approach.” However, for some investors the limited progress of the oil and gas industry on climate forced them to cut ties with the sector.
For sustainable tech to be possible, funders, including investors, philanthropists, and foundations, must develop a two-pronged approach of intentional investments in those leading justice-centered approaches to technological and economic transitions and informed divestments from extractive and fossil-fuel-dependent systems and enterprises.
Environmental successes are easily overlooked in a world ravaged by climatechange, biodiversity loss, an ongoing global pandemic and attacks against democracy. The dystopian legacy of the former president is becoming increasingly clear to all but the willfully ignorant as is his politicization of climatechange and COVID.
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