An investor group managing more than US$16 trillion has launched the world’s first step-by-step plan to help pension funds and others align their portfolios with the United Nations sponsored Paris Agreement on climate change.
For nearly a decade now, Vietnam has made “payment for forest ecosystem services” its key strategy for protecting forests and improving the lives of poor rural communities. Now, it plans to use the same model to help rein in greenhouse gas emissions.
Missed opportunities for tough action on the climate emergency mean emissions cuts must be much faster, UN warns.
Emissions from energy, industry, transport, buildings and agriculture in G20 nations all rose in 2018, despite most having both the technical expertise and economic incentives to lower them, a major report has concluded.