Reuters (December 23)
In 2024, “the global trade war will shift from fossil fuels to metals and raw materials. Russia’s invasion of Ukraine highlighted the risk of relying on autocratic states for energy. Even if Europe’s gas crisis eases, Western manufacturers’ focus will switch to reducing China’s dominance in materials key to a cleaner economy.”
Tags: 2024, Autocratic, China, Cleaner, Dominance, Energy, Europe, Fossil fuels, Gas crisis, Global, Invasion, Materials, Metals, Raw materials, Relying, Risk, Russia, Shift, Trade war, Ukraine
LA Times (December 19)
In its first climate risk assessment, CalPERS, the largest U.S. pension fund, “found that one-fifth of the fund’s public market investments were in sectors that have high exposure to climate change. Those include energy, materials and buildings, transportation, and agriculture, food and forestry.” The report by CalPERS, however, didn’t go into much detail because “less than half of the 10,000-plus companies in their portfolio voluntarily disclose information about their carbon emissions.”
Tags: Agriculture, Assessment, CalPERs, Carbon emissions, Climate change, Energy, Exposure, Forestry, Investments, Materials, Pension fund, Portfolio, Risk, Transportation, U.S., Voluntary disclosure