Investors managing $39 trillion have called on governments to raise their climate ambition, including setting plans to phase out fossil fuel use and forcing companies to set out science-based transition plans.
New Zealand has become the first country to introduce a law that will require banks, insurers and investment managers to report the impacts of climate change on their business, minister for climate change James Shaw says.
Trade feuds will take on a different hue after the departure of Donald Trump. Slapping tariffs on countries out of the blue isn’t U.S. President-elect Joe Biden’s style. But his determination to fight climate change could emerge as a new source of commerce tensions.
Trade feuds will take on a new, green hue