ECB under pressure to ditch climate polluters from balance sheet

The European Central Bank should take “concrete action” to help tackle the climate crisis, more than 160 academics and civil society groups said in a letter to new ECB chief Christine Lagarde. “The most powerful financial institution in Europe cannot just sit passively as we witness a growing environmental crisis,”…

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Climate change is the apartheid of our times

According to Desmond Tutu, the South-African anglican cleric, known for his anti-apartheid and human rights activities, climate change is the human rights challenge of our time. On the website of the Tutu Foundation, he states that “over the 25 years that climate change has been on the world’s agenda, global…

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Investors’ focus on ” stranded workers and communities” needed for a ‘Just transition’

The Paris Agreement’s 2 °C objective requires that more than 80% of all proven fossil fuel reserves become stranded resources, and investments in such resources may become “stranded assets” for industrialized and developing countries. A ‘just transition’ for workers and communities as the world’s economy responds to climate change was included…

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