Wednesday, January 15, 2020

Divestment

Youth climate activists have a message for world economic leaders:
At Davos we will tell world leaders to abandon the fossil fuel economy
The world of finance has a responsibility to the planet, the people and all other species living on it. In fact, it ought to be in every company and stakeholder’s interest to make sure the planet they live on will thrive. But history has not shown the corporate world’s willingness to hold themselves accountable. So it falls on us, the children, to do that. We call upon the world’s leaders to stop investing in the fossil fuel economy that is at the very heart of this planetary crisis. Instead, they should invest their money in existing sustainable technologies, research and in restoring nature. Short-term profit should not trump long-term stability of life.
Update (January 27):  A study describes six "social tipping interventions" that could "could spark societal change towards climate stabilization and planetary sustainability".
1. Removing fossil-fuel subsidies and incentivizing decentralized energy generation
2. Building carbon-neutral cities
3. Divesting from assets linked to fossil fuels
4. Revealing the moral implications of fossil fuels
5. Strengthening climate education and engagement
6. Disclosing information on greenhouse gas emissions

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