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times higher than the UK's own greenhouse gas emissions (excluding aviation and shipping). Financial organisations thus have a major role to play in the decarbonisation of the global economy, yet it is estimated that since the ParisAgreement in 2015, the 60 largest banks have instead invested $5.5 trillion USD in fossil fuels.
Increasingly, discussions in hard-to-abate sectors revolve around determining the points at which policymakers need to intervene and where investors can and should focus their efforts to ensure the best results.
The intention is to align its portfolio with the goals of the ParisAgreement. Newsom also was named to a two-year term as co-chair of the Under2 Coalition, a network of states and regions looking to integrate the ParisAgreement goals with a mind to social justice. . On the other side of the U.S., New York Gov.
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