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Washington Post (February 20)

2024/ 02/ 21 by jd in Global News

“As it stands today, even the most heralded investor activism has done next to nothing to move the needle…. Somehow activists missed that each share a green investor sells is purchased by somebody with lesser green credentials, less interest in climate change. This substitution could actually lead to more rather than fewer carbon emissions.”

 

Reuters (January 8)

2024/ 01/ 08 by jd in Global News

“The world is full of danger. The planet starts 2024 with war in Gaza and Ukraine, superpower rivalry, climate change and slow growth. The possible return of Donald Trump as U.S. president is another risk…. It’s easy to see how the world’s multiple overlapping crises – what some observers have labelled the ‘polycrisis’—could feed on one another, creating a doom loop.” But none of this is inevitable. “There are more optimistic scenarios, and some silver linings in the pessimistic ones.”

 

Washington Post (October 16)

2023/ 10/ 17 by jd in Global News

“Climate change is the catastrophe to end all other catastrophes.” Every other issue pales in comparison. “Even our boldest notions of how to improve the status of women — expanding access to education, health care, housing and liberty — will be meaningless if women are swept away in mega floods, buried in landslides or suffocated by wildfires.”

 

New Yorker (August 28)

2023/ 08/ 28 by jd in Global News

“Japan is the first nation to experience a demographic tipping point where more than twenty per cent of the population is over sixty-five years old.” This magnifies the effects of climate change. Hot summer weather in Tokyo now lasts “some fifty days longer in recent years as compared with the twentieth century.” The additional “heat has proven a silent killer of these older citizens. Thirteen hundred people die of heatstroke annually in the country, the majority of them elderly.”

 

Council on Foreign Relations (August 25)

2023/ 08/ 27 by jd in Global News

“American homeowners already coping with extreme weather now face a new risk: disappearing property insurance. Private companies have increasingly reduced coverage, concluding that the risks—and potential losses—threatened by climate change outweigh probable profits. As of now, this primarily affects a handful of coastal U.S. states, including California. In other states, insurers have substantially increased the price of property insurance.”

 

Institutional Investor (August 23)

2023/ 08/ 23 by jd in Global News

“Proponents and critics of ESG claim it can change society. Both will be disappointed.” During the past five years, ESG investing has taken off. “By the end of 2022, global ESG funds had attracted more than $2.5 trillion in assets.” Regardless of this clout and “whether or not asset managers are ‘woke,’ ESG doesn’t hurt oil companies or provide capital for solutions to avoid the worst impacts of climate change.”

 

New York Times (June 29)

2023/ 07/ 01 by jd in Global News

The twin threats of “dangerous heat baking…the Southeast” and “the wildfire smoke filling the skies” in the Midwest “aren’t connected directly. But a common factor is adding to their capacity to cause misery. Human-caused climate change is turning high temperatures that would once have been considered improbable into more commonplace occurrences. And it is intensifying the heat and dryness that fuel catastrophic wildfires, allowing them to burn longer and more ferociously, and to churn out more smoke.”

 

Bloomberg (June 17)

2023/ 06/ 18 by jd in Global News

“European central bankers’ price stability mission is on a collision course with the goal of combating climate change, unless they change their ways.” Ultimately, the ECB may have to institute a special category of green lending to solve what appears to be an irresolvable dilemma. “The transition to a lower-carbon economy may fuel inflation — but raising interest rates in response to that could hinder investment in cleaner energy. So monetary policy and efforts to save the planet risk working against each other, casting a shadow over the prevailing consumer-price-targeting philosophy of the past three decades.”

 

Chicago Tribune (June 29)

2023/ 06/ 01 by jd in Global News

“As Canadian wildfire smoke blanketed Chicago on Tuesday and Wednesday, the Windy City earned the unwelcome distinction of having the ‘worst air quality of any major city in the world.’” North American wildfires are proliferating and “today consume twice as much land… than they did in the 1990s.” This is clearly “a climate issue. But if we fail to take action on forest management, the impacts of climate change—drier, hotter, longer fire seasons—will only further contribute to the flammability of our overly dense forests.”

 

Investments & Pensions Europe (January Issue)

2023/ 01/ 16 by jd in Global News

“Biodiversity is fast catching up with climate change as a priority for investors and supervisors, and developments last year have set the stage for a productive 2023…. Barely a topic of conversation in financial markets two years ago,” biodiversity now “has an investment ecosystem all of its own, which is being built on the back of a decade of lessons learnt in the climate finance space. From global agreements, supervisory interventions and standardised reporting guidelines through to data, investment products and a collaborative engagement initiative, the pieces are quickly falling into place to ensure the private sector knows what it’s meant to do to manage nature-related risks in 2023 and beyond.”

 

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