25.09.2014 - Climate summit advances towards Paris deal
Despite the absence of India and Australia, a majority of prime ministers and presidents did as Mr Ban had asked. They came to New York with pledges of action. The French promised a billion dollars for the Green Climate Fund, a significant amount you might think, but miles from the goal of getting a hundred billion a year by 2020. Following on from the Rockefeller Brothers Foundation divesting their dosh from fossil fuel, there were further significant announcements from institutional investors. Two of the largest asset managers and pension funds in Europe, have connected with the UN Environment Programme to "substantially reduce the carbon footprint of $100bn of institutional investment worldwide"...............................................Full Article: Source
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