'By 2030, Israel will end all diesel fuel, coal, and gasoline use, according to a new announcement by Energy Minister Yuval Steinitz.'
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Context, February 28, 2018
'..on December 20 a group of 93 institutional investors with $11.5 trillion under management published a letter in the Financial Times. The letter stated strongly that “we require power companies… to plan their future in a net zero carbon economy…. We expect specific timelines and commitments…”
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..the investors want all coal-fired power generation owned by portfolio companies shuttered by 2030, that is, within the next decade.''The net zero carbon emissions movement has finally entered the mainstream for investment professionals. Despite a U.S, delegation declaring its intention to burn more fossil fuels at an environmental conference in Poland, sounding like the energized, fossil fuel advocate and former Alaska governor Sara Palin saying, “Carbon? You betcha!”, on December 20 a group of 93 institutional investors with $11.5 trillion under management published a letter in the
Financial Times. The letter stated strongly that “we require power companies… to plan their future in a net zero carbon economy…. We expect specific timelines and commitments…”
These institutional investors, typically a fairly conservative group, stated more or less accurately that the electric power generating sector accounts for one-quarter of global carbon emissions. And that sector had better clean up its act, so to speak, and do it with relative haste. For example, the investors want all coal-fired power generation owned by portfolio companies shuttered by 2030, that is, within the next decade.
Furthermore, these enviro-investors assert that action on climate change remediation delivers offsetting economic benefits. To them, carbon reduction should not be seen at all as an economic negative. This, however, is not the first demand for carbon reduction by investors, and probably will not be the last.
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Electric utility companies in the US and Europe are already moving away from coal and other fossil fuels. As a boiler fuel coal is rapidly losing market share to natural gas. This switch alone reduces CO2 emissions by roughly one half. However, the future of electric power generation over the next decades may turn out to be a rather unpleasant competition between natural gas and the declining cost curves of renewables. These dynamics spring from engineering progress and changing economics rather than investor activism alone. In short, pressure from investors may accelerate a trend already underway.'
- By Leonard Hyman & William Tilles,
Investors Are Turning Their Back On Coal, December 24, 2018
Context How air pollution is destroying our health - WHO'By 2030, Israel will end all diesel fuel, coal, and gasoline use..''..initiatives to reduce their impact on the planet..' - Task Force on Climate-Related Financial Disclosures'Climate solutions represent opportunity, and technology is on our side.'' "Future risks from climate change depend... on decisions made today," the 4th National Climate Assessment says.'(Global Healing 2020 - 2050) - Regreen Our Planet - The Trillion Tree Campaign'Protecting tropical forests is essential for achieving the climate goals..' - 'Deforestation of the Amazon is about to reach a threshold..'(Bazaarmodel)(Teal - To Heal) - '..to let the individuals and organizations search or really think about the meaning of life.'