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Pension fund makes case for divestment, against backdrop of increasingly positive climate policy across major markets. The global energy mix is composed of roughly 17% renewables, representing an increase of just two percentage points from 2015 levels.
However, despite a positive trend for climate policy acceleration as detailed in the Inevitable Policy Response (IPR) tracking reports since 2021’s COP26 in Glasgow, the lag between ambition and progress since the 2015 Paris Accord will be laid bare, no matter how it is dressed up.
The last act of the IPCC’s Sixth Assessment Cycle, which started in 2015, the summary will outline our progress, or otherwise, in fulfilling the obligations of the Paris Agreement. In Japan, progress is even slower, admittedly, but anticipation is high. In Canada and Europe, the emphasis is on transition.
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