Post by hasan77 on Feb 15, 2024 1:15:12 GMT -6
Trillions" of dollars provided there's enough data out there for investors to feel confident. "We're seeing a real change — it's just beginning," he said. Bank of England governor Mark Carney riffed off this in his intervention. Climate is moving to the mainstream of finance "quickly," he said. In the future, "companies will be disclosing or hiding." Carney was speaking off the back of the launch of the Task Force on Climate Related Disclosures (TCFD) latest progress report.
Around $100 trillion of assets are behind the TCFD guidelines, said Carney, along with eight of the largest 10 fund managers. We know none of this is happening fast enough. And we know that for all Fink's South Korea Email List big projections, Blackrock still holds nearly $2 billion of fossil fuel assets. The culture of greenwashing — as Macron observed — will take a while to ditch. But there is a shift, and while Trump was sinking deeper into the mire of the Brett Kavanaugh Supreme Court nomination fight, other world leaders were looking to a cleaner, brighter future.
The question for many campaigners and sustainability leaders in New York — as ever — is if a low carbon future makes sense, why aren't more companies and countries doing more? Perhaps the answer to that is that they're all looking for a leader. They're all looking for the lodestar we thought was Paris, that perhaps still is Paris, but is in need of an injection of political capital. The United Kingdom is playing a role out here — it's still widely respected as a climate leader — but the vacuum left by the United States is big, and it will require new, progressive coalition to fill it in Katowice.
Around $100 trillion of assets are behind the TCFD guidelines, said Carney, along with eight of the largest 10 fund managers. We know none of this is happening fast enough. And we know that for all Fink's South Korea Email List big projections, Blackrock still holds nearly $2 billion of fossil fuel assets. The culture of greenwashing — as Macron observed — will take a while to ditch. But there is a shift, and while Trump was sinking deeper into the mire of the Brett Kavanaugh Supreme Court nomination fight, other world leaders were looking to a cleaner, brighter future.
The question for many campaigners and sustainability leaders in New York — as ever — is if a low carbon future makes sense, why aren't more companies and countries doing more? Perhaps the answer to that is that they're all looking for a leader. They're all looking for the lodestar we thought was Paris, that perhaps still is Paris, but is in need of an injection of political capital. The United Kingdom is playing a role out here — it's still widely respected as a climate leader — but the vacuum left by the United States is big, and it will require new, progressive coalition to fill it in Katowice.