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but on paper, the deal secured in dubai this morning is hugely significant. for the first time ever, there is language and a commitment to move away from fossil fuels. its impact, of course, will depend in large part on whether the signatories actually take steps to implement what they have agreed in the coming decade. after all, some of those countries included the united states, australia, canada, norway, who right now are expanding their already significant oil and gas production. there are many who had wanted a strongerform of words — particularly the smaller island states, who...

JPMorgan said it was leaving Climate Action 100+, causing investors to question if this means money managers are fearful of anti-ESG backlash.

(Bloomberg) -- This is from the Green Daily newsletter. Sign up to receive it in your inbox. Most Read from BloombergHawaii Rightly Rejects Supreme Court’s Gun NonsensePutin Steps Into US Race to Back ‘Old-Style’ Biden Over TrumpJapan Loses Its Spot as World's Third-Largest Economy as It Slips Into RecessionApple Readies AI Tool to Rival Microsoft’s GitHub CopilotDozens of Banks Rapidly Piled Up Commercial Property LoansWas it greenhushing or greenwashing?That’s the question the ESG world is ask

The costs of inaction on global warming are potentially vast and often not sufficiently factored in to asset values. Read more.

The retirement savings of millions of people could be at risk because pension funds continue to rely on flawed climate economics, a new report has warned.