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MIL-OSI UK: COP26 President s closing remarks at Climate Ambition Summit 2020
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COP26 President s closing remarks at Climate Ambition Summit 2020
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Speech: COP26 President s closing remarks at Climate Ambition Summit 2020 — Agenparl
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Special Presidential Envoy for Climate John Kerry speaks after being introduced by President-elect Joe Biden as he introduces key foreign policy and national security nominees and appointments on Nov. 24, 2020, in Wilmington, Delaware. Mark Makela/Getty Images
Major asset managers including Fidelity International and Wellington Management promised to support targets for net-zero greenhouse gas emissions in their portfolios, as the Paris Agreement to curb the rise in global temperatures marks its fifth anniversary this weekend.
The incoming Biden Administration has pledged to rejoin the Paris Agreement when it takes office, reversing the Trump administration’s withdrawal on grounds that it unfairly penalized U.S. workers.
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LONDON A group of 30 asset managers with more than $9 trillion under management launched the Net Zero Asset Managers Initiative on Friday to help clients ensure their portfolios are carbon neutral by 2050.
The group, which includes Schroders and UBS Asset Management, said it would prioritize securing real reductions in emissions at the companies in which they invest, and work with clients over their decarbonisation goals.
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They also pledged to set interim targets for the proportion of assets managed in line with the Paris climate agreement, which aims to limit global warming to 1.5 degrees Celsius above pre-industrial levels by the middle of the century.