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Showing posts with the label 2021 at 08:21PMTime

Thinking of Investing in a Green Fund? Many Don’t Live Up to Their Promises, a New Report Claims

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September 20, 2021 at 08:21PM The number of green investment funds is skyrocketing, but many are investing in companies that aren’t aligned with the goals of the Paris Agreement . That’s according to a report published on Aug. 27 by InfluenceMap. The London-based climate change think tank accused the majority of green funds of falling short. InfluenceMap assessed 723 equity funds—with over $330 billion in total net assets—marketed using environmental, social and governance (ESG) claims and climate-related key words. It concluded that more than half of the climate-themed funds, which describe themselves with phrases like “low carbon,” “energy transition,” and “clean energy,” fall short of the vision laid out in the Paris treaty. Adopted in 2015, the pact calls on countries to do their best to reduce emissions to keep global temperatures to less than 2°C above pre-industrial levels—and preferably no more than 1.5°C—in the hopes of avoiding the worst consequences of climate ...

The Start of Hurricane Season Brings Anxieties to Central America, Still Reeling From Last Year’s Disasters

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June 03, 2021 at 08:21PM A version of this story first appeared in the Climate is Everything newsletter. If you’d like sign up to receive this free once-a-week email, click here . Tuesday was the first day of the Atlantic hurricane season, but across swaths of Central America, thousands of people still haven’t recovered from the last one. Last November, back-to-back hurricanes pummeled millions of people across the region, destroying infrastructure and cropland, and leveling thousands of homes. In regions of Honduras and Nicaragua, many of those displaced by Hurricanes Eta and Iota—Category 4 storms that hit within two weeks of each other in November—are still living in fragile temporary shelters , contending with a spike in COVID-19 cases and associated deaths in a region where less than 1% of the population has been vaccinated against the virus. [time-brightcove not-tgx=”true”] And unfinished recovery efforts from the last disaster have made communities there more vulne...