One month into 2021 and we are pleased that the year has kicked off with some good news for the environment.
President Joe Biden began his presidency by signing a host of executive orders that focused on climate action. These included re-joining the Paris Agreement, reducing emissions and committing to a huge investment of $400 billion in clean energy research and innovation over 10 years. Read more
Leading investors have announced initiatives to make climate change and other sustainability issues a cornerstone of their investment strategy. BlackRock has urged companies to report under the Task Force on Climate-related Disclosures (TCFD) and Schroders has written to the UK’s largest companies asking them to publish detailed and fully costed transition plans on climate change, demonstrating how climate related risk is now firmly in the mainstream.
Momentum around COP26 is growing. This COP is a chance for governments and businesses to demonstrate true leadership on net zero transition. We expect to see a lot of climate activity and more commitments to net zero as we head towards November.
So while there is evidently plenty still to do, we remain hopeful that this will be a year of climate action.
