The new G8 taskforce report on impact investing is groundbreaking — but it won’t change the world if we don’t change people’s minds. Without more public engagement by small “retail” investors, impact investing is destined to remain the hobby of a small financial elite, rather than become, as it might, a true evolution of market finance.
Category: Policy & Government
Making climate change action a global priority can foster greater, more inclusive prosperity worldwide, but a “deep structural transformation” is required, according to a report from the ‘New Climate Economy’ project team.
Rather than continue in a stalemate, many community leaders are turning to Political Communications 101: If you can’t win an argument, change the conversation.
The world’s six leading multilateral development banks have reaffirmed their commitments to take action on climate change in advance of the U.N. Climate Summit in NYC. That includes promoting private and public sector investments in climate change mitigation and adaptation, as well as adopting the same methods of tracking and accounting for greenhouse gas emissions reductions.
With our climate in upheaval, many cities, organizations and businesses are talking about building resiliency into their operations, in order to allow them to better deal with extreme events such as heavy storms, droughts and floods. While these expenditures are often high, given today’s reality they are considered necessary — in keeping with Ben Franklin’s adage that “an ounce of prevention is worth a pound of cure.”
Investing in voluntary carbon offset programs yields $664 in social and environmental benefits beyond the value of each metric ton of CO2 emissions avoided, according to research from Imperial College London and International Carbon Reduction and Offsetting Alliance.
Companies including Google, UPS, Ford, Microsoft and eBay are accused of climate change hypocrisy in a scathing report. But are those assumptions fair?
“We can’t predict the next disruption or catastrophe. But we can control how we respond to these challenges. We can adapt to the shocks and stresses of our world and transform them into opportunities for growth,” the 100 Resilient Cities’ site says. While shocks include events like earthquakes, fires and floods, stresses include high unemployment, inefficient public transportation, endemic violence or chronic food and water shortages. The 100 Resilient Cities Challenge aims to help cities be better prepared for adverse events and better able to deliver basic services in both good and bad times.
Crystal Solar’s new method for fabricating solar silicon wafers holds the promise of nudging the price of installed solar power under $1 per watt. The Santa Clara, California startup’s work with NREL is a testament to the benefits that can be realized via public-private sector partnerships.
Upon learning today that China has a plan in place for a carbon emissions “cap and trade” market by 2016, my joy was mixed with frustration at U.S. foot-dragging.
With a United Nations summit meeting coming up in Paris next year that will attempt to come up with some kind of meaningful global agreement, the president is determined not to show up empty-handed this time.
A cost-benefit study conducted by a team of MIT researchers and published in the journal Nature Climate Change looked at three different climate intervention scenarios, taking into account the health care cost savings. What they saw was that in one scenario, the health care cost savings achieved were actually ten times greater than the cost of implementing the scenario.
Last week, a group of Nobel prize-winning economists met, for the fifth time, in the German town of Lindau near the Austrian and Swiss border. This year’s meeting featured a special guest, German chancellor Andrea Merkel. Joining the notables are young economists from 80 countries, hoping to learn, become inspired, and perhaps reflect deeply on what role their science might play in shaping the future.
The U.K.’s Advertising Standards Authority ruled, in a case brought by the World Wildlife Fund, that Peabody Energy should not use the term “clean coal” to imply that coal is emission-free or “the solution for better, longer and healthier lives.”