Urgent action and active engagement needed to avoid climate crisis: experts
There is less than a decade left to act on the climate crisis, and active engagement of high-emitting industries is better than exclusion, according to current and former managers of some of the world’s largest SWFs.
The world now has less than 10 years to change course and avoid the man-made catastrophe of the climate crisis, as countries race to create transition taxonomies, senior executives from two of the world's largest sovereign wealth funds (SWFs) said on Wednesday (March 23).
With three quarters of emissions coming from the energy sector, achieving net-zero emissions by 2050 will require a full transformation of the energy sector, which will come at a cost of approximately $2 trillion…
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