GREAT NEWS IN A NUTSHELL!
Huge Bravo to the IIGCC (The Institutional Investors Group on Climate Change) European group of global pension and investment managers ! With 1,200 members in 16 countries, they have a detailed plan to slash carbon in their portfolios to net-zero. They are encouraging other investors to join them.
This is a monumental transition and if you love statistics, this article points to the challenge. The real key, money is not the issue. By cutting subsidies to gas and oil (a staggering $5 trillion globally/year) and factor in the decreased health costs of replacing coal (saving up to $800 billion/year) it will pay for the majority of the costs. Read more