Ready for the rough switch to low-carbon
Investors said the move away from the carbon economy in response to climate change was definitely coming and would be difficult. They shared some of the ways they’re getting ready.
Investors said the move away from the carbon economy in response to climate change was definitely coming and would be difficult. They shared some of the ways they’re getting ready.
Leading investors are moving forward on climate change by pouring funds into sustainable investments and applying energy-saving strategies to assets already in their portfolios.
Former US vice-president Al Gore described the worsening effects of climate change but found hope in the efforts of many governments and the increasing prominence of renewables in the economy.
As the 2018 PRI in Person conference begins, the prospect of recovering fossil fuel prices adds urgency to the organisation’s efforts to expand – and to keep current members on task.
The $155 billion Teacher Retirement System of Texas is restoring its target allocation to energy, as experts see favourable conditions due to higher US oil production and continued reliance on fossil fuels. This is at odds with other investors divesting from fossil fuels.
The $6 billion Adventist Health System is considering more risk as it grows and is seeking to gain from efficient processes. The goal remains maximum effectiveness in provision of healthcare.
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