Archive | May 2020

“Climate crisis: Tropical rainforest ‘tipping point’ identified as scientists call for immediate action to tackle global warming”

The Amazon is among the rainforests most at risk from rising temperatures

https://www.independent.co.uk/environment/climate-crisis-tropical-rainforest-carbon-sequestration-tipping-point-global-warming-a9529956.html

Tropical rainforests’ vital ability to store carbon is under threat due to rising global temperatures, and the Amazon is particularly at risk, scientists have warned.

Calling for “immediate steps” to conserve forests and stabilise the global climate, the authors of a study based on research from 600 sites around the world said that beyond a maximum daily temperature of 32.2C, trees get too hot and dry, causing them to die and release their stores of carbon.

“Africans are building a Great Green Wall of trees across the continent to slow down the Saharan”

https://www.upworthy.com/africans-are-building-a-great-green-wall-of-trees-across-the-continent-to-stop-the-sahara-from-expanding

Twenty-one African countries have come together in an attempt to stop the Sahara desert from encroaching further south. Their mission: plant a 4,750-mile-long wall of trees.

“Norges Bank Takes A Stand Against Companies Damaging The Environment”

https://cleantechnica.com/2020/05/14/norges-bank-takes-a-stand-against-companies-damaging-the-environment/

Norges Bank Investment Management, which manages Norway’s sovereign wealth fund, has made a powerful stance in favor of climate action.

Virus Guts U.S. Clean-Energy Jobs Gained Since ‘17, Report Says

A worker installs a solar panel on a home in Lafayette, California in 2018. 

https://www.bloomberg.com/news/articles/2020-05-13/virus-guts-u-s-clean-energy-jobs-gained-since-17-report-says?srnd=premium-europe

Almost 600,000 U.S. clean-energy workers have lost their jobs since the beginning of the Covid-19 pandemic, more than double the number of positions that had been created in the industry since 2017, according to a report.

Who Put the ‘S’ in ‘ESG’ (and What Does It Mean)?

Fully invested.

https://www.bloomberg.com/news/articles/2019-12-08/who-put-the-s-in-esg-and-what-does-it-mean-quicktake?srnd=premium-europe

The three pillars of so-called ESG investing have never been equals. The “E,” for environmental, has dominated the “S” for social and “G” for governance, reflecting concerns about climate change. Now, the coronavirus pandemic has given the S a big boost, with social bonds becoming the fastest-growing part of sustainable finance. Some of those bonds are earmarked for vaccine development or defraying crisis costs. But more broadly, there’s a new focus among investors on how companies treat their workers and how they benefit society. The risk of brand damage for companies seen as engaging in anti-social behavior has also increased.