24 November 2015, Renew Energy, Carbon budgets: Knowing when to hold and when to fold. As global leaders pull up a seat around the negotiating table in Paris in the next fortnight, there is no doubt discussion will quickly turn to the carbon budget and how to spend it. That’s the budget that will determine whether the world stays under two degrees of warming or sails into the unchartered waters of three, four or even a five-degree temperature increase. No one imagines that decision will be made this December at this Conference of the Parties. However to retain any hope of a safe and stable climate, the next decade will see debate around the division of the world’s carbon budget front and centre of discussions between nations, scientists, economists and financial analysts. It’s the gravitational pull of this discussion that will ensure the now heated debate surrounding divestment versus engagement as the most effective form of shareholder activism gets a more forensic examination. Certainly the debate is a now a fairly regular presence in the media, as individual and institutional investors become increasingly wary of the environmental, social and long-term financial risks posed by various holdings within their portfolios. In the last few years the issue’s profile has been raised in response to the fossil fuel divestment movement. Pressure for change is growing from within the community, fuelled in part by a growing awareness of how personal finances are being invested by banks and other institutions. This awareness is largely driven by technological change – investors now have access to more information than at any point in history – if BHP Billiton has a dam wall collapse the world knows within minutes. Read More here
20 November 2015, The Guardian, Organisers of cancelled Paris climate march urge global show of support. People around the world should protest ‘on behalf of those who can’t’, say organisers of climate march forbidden in light of Paris terror attacks. A march expected to attract 200,000 people onto the streets of Paris ahead of crunch UN climate change talks was forbidden by the French government on Wednesday in light of last Friday’s terror attacks. But organisers have said it is now even more important for people around the world to come out onto the streets for “the biggest global climate march in history” to protest “on behalf of those who can’t”. There are 2,173 events organised in more than 150 countries around the world on 28 and 29 November. You can find your nearest event here: The events are designed to put pressure on the leaders from almost 200 countries who will meet in Paris to thrash out a new deal on limiting greenhouse gas emissions post-2020. The conference is considered the most significant since the talks in Copenhagen in 2009, which were widely considered a failure by environmentalists. Emma Ruby-Sachs, deputy director of Avaaz , which has organised the march said: “The tragic attacks in Paris have made the march there impossible. Now it’s even more important for people everywhere to march on the weekend of 29 November on behalf of those who can’t, and show that we are more determined than ever to meet the challenges facing humanity with hope, not fear.” Read More here