Remove 2030 Remove Divestment Remove Global Economy
article thumbnail

The Future of Climate Investing

3BL Media

The 2025-2030 period will be really exciting because the decarbonization of these portfolios will have to accelerate to maintain their alignment to a net-zero scenario,” said Stannard. Pretorius and Free agreed and claimed investors will expect even more from companies than mere divestment from non-renewable assets.

Net Zero 130
article thumbnail

More Ambition Needed from AMs on Fossil Fuels

Chris Hall

“Over-producing fossil fuels relative to the growth in available renewable capacity is a threat to efficient transition.” Although the oil and gas sector accounts for 15% of global greenhouse gas emissions, scientific evidence suggests demand will peak by 2030.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Decarbonising Investment Portfolios on the Journey to Net Zero

3BL Media

Financial organisations thus have a major role to play in the decarbonisation of the global economy, yet it is estimated that since the Paris Agreement in 2015, the 60 largest banks have instead invested $5.5 They can also divest from high-emitting industries such as thermal coal production. trillion USD in fossil fuels.

Net Zero 113
article thumbnail

NZAOA Calls on Politicians to Accelerate Climate Policy Reform

Chris Hall

C no/low overshoot scenarios to set the ambition level for sub-portfolio and sector targets. At the global level, IPCC 1.5°C “As we head towards at least 2.4°C

article thumbnail

Investors Told to Embed Sustainability at PRI Event

Chris Hall

Earlier this year , a benchmark study warned that several Canadian pension schemes have fallen behind global climate transition progress. However, CDPQ was identified as a climate leader following its decision to divest firms involved in oil production and refining and coal mining in 2022. ‘Green’ assets now make up 12.5%

article thumbnail

The “Ripple Effect” of Universal Ownership

Chris Hall

Charlotta Dawidowski Sydstrand , Head of ESG at AP7, explains how universal owner s can exert collaborative pressure to drive sustainable outcomes in the global economy. This, says Sydstrand, creates a “ripple effect” in the global economy.

article thumbnail

How Pension Schemes can Combat Deforestation

Chris Hall

Recent findings from the Forest Declaration Assessment show a concerning trend: global efforts to reduce deforestation are falling significantly short of 2030 targets, trailing by 21% last year. Divestment, while a contentious strategy, should be considered a last resort.