Definition of Decarbonization
Submitted by larryf13 on Thu, 07/21/2016 - 11:04am
(Webster’s) Definition Of Decarbonize: transitive verb : to remove carbon from.
OK now we know what it is...but..Who is actually doing anything about it?...Certainly not the investment community.
Almost half of the world's top 500 investors are literally doing nothing to address climate change through their investments. The remaining percentages of investors are in preliminary stages. A report by the Asset Owners Disclosure Project (AODP), found that just under a 20% of the top investors were taking tangible steps to mitigate global warming
AODP Chief Executive Julian Poulter stated, "Climate change risk is now a mainstream issue for institutional investors…However ... it is shocking that nearly half the world's biggest investors are doing nothing at all to mitigate climate risk.
At COP 21 in Paris, Parties to the UNFCCC reached a landmark agreement to combat climate change and to accelerate and intensify the actions and investments needed for a sustainable low carbon future.
We need to be prepared for a long road to a decarbonized “sustainable” economy. This is an epic journey and will not follow a straight path. There will be many intermediate places that we will pass through that represent improvements over today, but will not be sufficient for the ultimate goal. However if we reject improvement because it is not perfect then we will never complete the journey.
We will win this war against climate change…focusing on GHG emissions, without prescribing specific technical solutions which might block the next generation of innovations. The innovators and entrepreneurs will eventually figure out the most economical solution(s) to achieve “leaving something” to the next generation.. which means, most of all, that we leave them a livable environment.
GENI is a co-founder of the Global Climate Index. The index includes 100 equally weighted companies that operate in three key areas, clean technology, renewable energy and future fuels. We believe this index will provide above average long term returns while being socially responsible with the constituents it includes.
Disclosure Note: GENI receives remuneration from this (GC 100) index.