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Climate policy response by governments and investment in cleantechnologies must be accelerated to keep temperature rise near 1.5°C, C, according to industry experts speaking at Morningstar’s ‘ SustainableInvesting Summit 2023 ’. C low or no overshoot target.
For example, Bristol City Leap – Bristol Council’s energy investment programme – is planning £7 million worth of public investment in decarbonising the city. It also plans to bring in £424 million during the first five years of a 20-year partnership with Ameresco , an independent US cleantechnology integrator.
ESG Investor’s weekly round-up of news about funds designed to meet sustainableinvesting criteria, including Man GLG, UBS AM, Aon, Clean Growth Fund, Foresight, Azalea and SUSI Partners. . UBS Asset Management and insurance firm Aon have co-developed the USB Global Equity Climate Transition fund.
By transparently disclosing climate risks and demonstrating proactive management strategies, businesses can strengthen their reputations, attract sustainableinvestments, and foster long-term relationships with key stakeholders. C by the end of the century, aligning with the aspirational goal of the ParisAgreement.
The companies that made the Best 50 are mostly corporations with more than $1 billion in annual revenues, as well as Crown corporations, large co-ops and members of the S&P/TSX Renewable Energy and CleanTechnology Index. Crucially, the companies’ average sustainableinvestment (as a percentage of total investment) hit 58.9%
With the looming ParisAgreement goal of reducing greenhouse gas emissions by at least 43% by 2030, nations are adopting different approaches to stimulating their green economy and encouraging sustainableinvestment. Clearly, the US is doing a better job at turning words into action.
Despite Trumps less-than-supportive stance, unforeseen sustainableinvestment opportunities may thrive during his tenure. The narrative [around the energy transition] has dampened as the political environment in the US turns hostile, but that doesnt mean actual sustainableinvesting will necessarily be significantly hit, Drummond adds.
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