Half the world’s 500 largest investors are acting to lessen the risks posed to their portfolios by climate change, but the other half are ignoring climate risk entirely, finds the latest Global Climate 500 Index.
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When forests are cleared, climate warming is accelerated. Support for financial incentives that encourage forest conservation, known as REDD+, is included in the Paris Climate Agreement reached in December.
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“The Paris Agreement on climate change is a monumental triumph for people and planet,” declared UN Secretary-General Ban Ki-moon as delegates from 195 countries approved the world’s first universal pact to take common climate action.
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Finance remains the most contentious issue as climate negotiators from around the world approach agreement on an historic pact to control climate change that will apply to all nations.
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