If one wanted a basic rule of thumb for dealing with the climate crisis, it would be: stop burning things. Human beings have made use of combustion for a very long time, ever since the first campfires cooked the first animals for dinner, allowing our brains to get larger. Now those large brains have come to understand that burning stuff is destroying the stable climate on which civilization depends.
Rich nations and institutions have been routinely over-reporting funding to protect developing countries from the climate crisis, which is expected to have left climate adaptation funds short by over $20 billion, a report from CARE has found.
As we look to a new year, socially responsible investments that track factors like environmental, social, and governance principles could see greater adoption among financial advisors and investors.
“Interest has gone up tremendously in 2020,” Jeffrey Gitterman, head of Gitterman Wealth Management, an RIA that specializes in sustainable investing and provides model portfolios to other wealth management firms, told Think Advisor. “Our climate strategies are the most popular. The transition (to zero emissions) is here and not going away.”
UN Climate Change News, 11 January 2021 – In a virtual address at the ‘One Planet Summit’ for biodiversity hosted by the French government in cooperation with the United Nations and the World Bank, UN Secretary-General António Guterres declared 2021 as “the year to reconcile humanity with nature.”
He highlighted both the need to reach net zero carbon emissions by 2050 and to provide adequate finance to adapt to the impacts of climate change, which include more frequent and more severe incidents of drought, flooding and fires.
Christine Lagarde is expected to make the European Central Bank a pioneer in fighting climate change by slashing its purchases of bonds issued by fossil fuel companies and other heavy carbon emitters, according to a Financial Times poll of economists.
Countries only have only a limited time in which to act if the world is to stave off the worst effects of climate change. This article offers five reasons why 2021 could be a crucial year in the fight against global warming.