Biggest banks and insurance companies investing in
In the last two years, Bank of America, Goldman Sachs, Wells Fargo, and Morgan Stanley have announced goals to finance and invest in renewable energy projects, transmission lines, energy efficiency and storage…..
Annual global investment in “green bonds” for renewable energy and climate mitigation projects reached a record $10 billion last year
Investors see green in clean energy, Boston Globe By Derrick Z. Jackson GLOBE COLUMNIST JANUARY 25, 2014 IT WAS NOT THE USUAL ROUNDUP OF ENVIRONMENTAL ACTIVISTS SAYING THE SKY IS FALLING. INSTEAD, IT WAS THE BIGGEST BANKERS AND INSURANCE COMPANIES CALLING FOR MASSIVE INVESTMENTS IN CLEAN ENERGY LEST WE — AND THEY — PAY IN MASSIVE DAMAGES FROM CLIMATE CHANGE.
“It’s the issue of our day,” said former Treasury Secretary Robert Rubin.
“The costs of another Sandy will grow from $19 billion to $90 billion,” said J. Eric Smith, the CEO of Swiss Re Americas.
Lisa Carnoy, head of global capital markets for Bank of America Merrill Lynch, exhorted her colleagues to fund clean energy projects until “every blue chip company in the S&P and . . . every investment manager has a green energy bond.”
They all spoke last week at the Investor Summit on Climate Risk, a forum of about 500 people sponsored by the UN and Ceres, the Boston-based coalition of investors, industries, and environmental groups that has sought for 25 years to engage big business in environmental protection and the climate change battle. The gathering offered the best evidence to date of corporate capital being thrown into the fight.
In the last two years, Bank of America, Goldman Sachs, Wells Fargo, and Morgan Stanley have announced goals to finance and invest in renewable energy projects, transmission lines, energy efficiency and storage, and transportation, water, and waste projects. Combined with an earlier commitment by Citi, those institutions have pledged a total of $180 billion by 2022. Annual global investment in “green bonds” for renewable energy and climate mitigation projects reached a record $10 billion last year………http://www.bostonglobe.com/opinion/editorials/2014/01/24/investors-see-green-clean-energy/F7sxg6y3Ljfsp2WwARNGZN/story.html
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1.This month
For international nuclear news go to https://nuclear-news.net/
Nuclear Power in Australia | FYI
of the week
EVENTS
22 February – Sydney – Climate Crisis: National Day of Action–
more at Action Australia
Victorian Government INQUIRY INTO NUCLEAR PROHIBITIONThe submission closing date is Friday 28 February 2020. more – https://antinuclear.net/2019/11/07/victorian-government-inquiry-into-nuclear-prohibition/
Climate Action (Nuclear has no role)- theme for February 2020
Climate Action Network https://www.cana.net.au/
OUR VISION
A fair and sustainable Australia free of climate pollution, where people and nature are protected from dangerous climate change.
OUR MISSION
Is to support our members and their allies to take actions to protect people at home and abroad from climate change, to safeguard our natural environment, and to build a fair, clean, healthy Australia for everyone.
To do this we will create a diverse network with distributed leadership that links people and organisations working toward our vision. The network will support the setting and achievement of shared goals and be the underlying infrastructure that supports us to work together.
TOGETHER WE WORK TO
- Reduce Australia’s climate pollution to zero, and beyond.
- Transition to a society and economy powered by clean energy and clean exports.
- Protect people, water, air, land, and nature from the impacts of fossil fuel extraction.
- Build climate leadership and resilience in communities most affected by climate change.
- Ensure Australia does its fair-share in international efforts to confront the crisis.
WE WORK BY:
- Building and aligning strategies in common areas of our work.
- Co-designing and collaborating to deliver climate campaigns and projects.
- Co-operating on community-led transition projects.
- Engaging more people and diverse sectors to take action on campaigns connected to climate.
- Developing policies and proposals that will help deliver on our vision.
- Linking to international efforts, networks, and campaigns.
The Network provides infrastructure for ongoing communication between members, as well as convening meetings and working groups for particular regions, sectors, and issue areas.
The CANA Annual Report for 2018/19 details how our network members support each other to build a powerful, connected, diverse and innovative climate movement.
For more information on joining the network, see here.
Free Julian Assange, before it’s too late. Sign to STOP the USA Extradition
FEDERAL. Inquiry into the prerequisites for nuclear energy in Australia Read the published submissions on the Parliamentary website. Read the SUMMARIES of submissions here.
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