Posted on 08/11/2021 3:00:15 AM PDT by Libloather
(Reuters) - Dire warnings about climate change are a call to action for investors who put their money into helping the environment. But the news also heightens a debate about how to make these strategies effective, financial executives said.
A U.N climate report on Monday found that global warming is dangerously close to spiraling out of control. Even the most severe carbon emission cuts are unlikely to prevent global warming of 1.5 degrees Celsius above preindustrial temperatures by 2040, a level that many scientists believe must be achieved to avert catastrophic climate change.
Green investing has attracted a flood of cash and boosted companies like electric car maker Tesla Inc and clean energy company NextEra Energy that promise to help a transition away from fossil fuels.
But sustainable investment managers are confronting a two-sided challenge for ESG, or environmental, social and governance, funds.
Fund managers want to convert public enthusiasm into dollars invested while simultaneously allaying suspicions that some funds are "greenwashed" as skeptics claim.
"Not all ESG funds are created equal and investors must do their research to determine whether their investments are making a real impact or are simply feeding into an ESG-centered marketing push," said Green Century Capital Management President Leslie Samuelrich.
NEW GREEN HIGH
Globally, sustainable funds hit a record high of $2.24 trillion in assets in the second quarter, Morningstar data showed, up 12% from the end of March.
Many of these funds choose their investments in part on ratings of portfolio companies' sustainability assigned by outside firms, but these grades can diverge widely.
(Excerpt) Read more at finance.yahoo.com ...
We are dooooooomed this time for sure.
Rather presumptuous on their part considering God is in charge of all climate from beginning to end. They need to be more concerned about the "climate change" that they will experience if they don't believe in Jesus. Hot, hot, hot. To avoid such an eternity, one only has to "repent, and believe on the Lord Jesus Christ and you will be saved."
tulip mania
(only 9.45 years left)
Actually, only 2-3 years left after we conservative voters retake this countries’ leadership.
It’s 9.45 years? I thought it was 9.22 years.
What a relief.
Until they go after china anything done will be just to make a lot of money for the elites.
The UN still thinks it’s God
In the meantime China and India have no restrictions.
Reuters and yahoo have become left wing hacks with NO CREDIBILITY.
DONT believe anything you read in the democrat media.
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