Economic

Cut carbon now or face financial crash, say investors worth $32 Trillion

Top investors know a thing or two about money. And they say it’s INACTION that’s going to cost us.

The most recent, compelling point to the ‘environment or economy’ discussion comes via a coalition of gigantic investors who collectively manage $32 trillion in assets. Under the banner of The Investor Agenda, the coalition has issued a powerful rebuke to both law makers and denialists, calling for immediate and ambitious ramping up on climate action—and warning that a failure to seize the initiative could risk a major financial crash. But this isn’t just about avoiding calamity, there’s opportunity that comes with action too:

The countries and companies that lead in implementing the Paris Agreement and enacting strong climate and low carbon energy policies will see significant economic benefits and attract increased investment that will create jobs in industries of the future. To ensure a smooth and just transition to a low carbon economy and to adapt to the warming already locked in to the climate system, it will be important that the benefits of gaining access to cleaner energy sources are shared by all, and that those workers and communities affected by the transition are supported.

This is not the first time we’ve heard tell of either the economic downsides of inaction or the financial benefits of greener growth. But the sheer size of the institutions now calling for a scaling up of these efforts, and the political clout that comes with that size, makes this declaration worthy of attention. It is a key message that may be able to address the top 5 environmental concerns of 2019.

The recent announcement of Shell sets clear emission cutting goals after investor pressure in order to help achieve Paris goals. Setting targets enables action throughout the entire organisations. Shell’s bonus pay-out will soon depend on reaching the emission cutting goals! In the same way Canadian cities committed to net-zero carbon buildings by 2030.

Consider to:

  • understand your own investments and if those companies have actions in place to address climate change.
  • Join AGM’s, calls and Webinars of those organisations and ask the questions to influence
  • Switch your investments to organisation that have a clear stand point on climate change and action plans in place

For more information, have a read:

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