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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 ...

September 20, 2021 at 04:34PM Developed countries’ pledges to provide $100 billion of annual financing, made over a decade ago and seen as key to unlocking upcoming climate talks, are unlikely to be met even five years after the target, according to a new report. That not only threatens the success at the United Nations climate talks in Glasgow starting in weeks, but also the aim of limiting global warming to 1.5 degree Celsius as part of the Paris Agreement, Oxfam International said in a study. “Wealthy nations must live up to their promise made 12 years ago and put their money where their mouths are,” said Nafkote Dabi, global climate policy lead for Oxfam. “It is clearly a question of political will.” [time-brightcove not-tgx=”true”] Data from the OECD last week showed that the pace of boosting the funding slowed further in 2019, growing just 2% to $79.6 billion from 2018. Data wasn’t available for 2020, by when the $100 billion annual rate was to be achieved, but the e...