Anonymous ID: 553d3f Sept. 13, 2018, 8 a.m. No.3006202   🗄️.is 🔗kun   >>6222 >>6276

Jerry Brown enlists Al Gore, liberal friends to rescue Paris climate deal

 

Activists to expose Democrats 'green divide,' by protesting California governor's failure to do more

 

California Gov. Jerry Brown is bringing in the A-team to save the sinking Paris agreement. In one of his final acts in office, the four-term governor has cast himself as President Trump’s foil on global warming as host of this week’s Global Climate Action Summit, a splashy, star-studded event in San Francisco. The massive three-day bash hosted by Mr. Brown will feature top Democrats, liberal megadonors, Obama administration figures, international leaders, green energy, Silicon Valley, Hollywood celebrities, and Al Gore. “We’re running out of time,” said Mr. Brown, who leaves office in January. “There’s been some backsliding since Paris, and our Summit … aims to increase the commitments that have already been made in Paris, to make them even greater, and thereby build the momentum going into the [UN] conference of the parties at Poland.”

 

Expect plenty of Trump-bashing at the Moscone Center, where 4,500 attendees are expected to gather Wednesday through Friday, over the White House’s June 2017 decision to pull out of the accord. “Yes, I know President Trump is trying to get out of the Paris agreement, but he doesn’t speak for the rest of America,” said Mr. Brown in a summit video.

 

The Trump exit delivered the biggest blow to the UN-sponsored pact, prompting Mr. Brown and other Democratic governors to vow to fill the void by abiding by the agreement, but more setbacks have followed. At a meeting this week of climate delegates in Bangkok, there were warnings that the Paris accord could unravel after talks hit a stalemate over the $100 billion annual transfer from Western-style economies to developing nations, funding aimed at helping them invest in low-carbon power sources. “Developed countries are going back on their word and refusing to agree to clear rules governing climate finance,” Harjeet Singh, global lead on climate change for ActionAid, told AFP. “If they remain stuck in their positions and fail to loosen their purses, this treaty may collapse.”

 

The agreement, aimed at limiting the increase in global temperatures, has also enjoyed successes as nations implement policies to reduce their greenhouse-gas emissions, but critics argued that the California summit shows support for the accord has yet to cross ideological lines. “You look at the speakers—this merely highlights the fact that support for the Paris climate agreement is a leftist political cause and little more,” said James Taylor, senior fellow at the free-market Heartland Institute, which plans to livestream its own counter-summit from the Independent Institute in Oakland. “You have Van Jones, Al Gore, Tom Steyer, Jerry Brown, Nancy Pelosi—how are they going to make the case that there’s a consensus opinion to support Paris and restrictions on carbon dioxide when the only people they can pull together are leftist policy makers, leftist entertainers and leftist activists?” he asked.

 

https://www.washingtontimes.com/news/2018/sep/11/jerry-brown-taps-al-gore-climate-summit-save-paris/

Anonymous ID: 553d3f Sept. 13, 2018, 8:21 a.m. No.3006433   🗄️.is 🔗kun

Pace and Scale: Investor leadership at the Global Climate Action Summit and beyond

 

Snippet:

 

The Investor Agenda has captured the following actions by investors:

 

120 investor signatories are pursuing new and existing investments in low-carbon and climate resilient portfolios, funds, strategies or assets such as: renewable energy and energy efficiency projects; phasing out investments in coal; and integrating climate change into portfolio analysis and decision-making.

345 institutional investors with $30 trillion in assets are urging governments to implement the Paris Agreement.

296 investors from across 29 countries - with nearly $31 trillion in assets - are calling on the companies in their portfolios to reduce their carbon footprint, support clean energy, and strengthen climate-related financial disclosures as part of Climate Action 100+.

60 investors have already committed to reporting in line with the Task Force on Climate-related Financial Disclosure (TCFD) recommendations.

 

CalPERS, the largest public pension fund in the U.S. with $360 billion in assets under management, has steadily increased its investments in low-carbon assets to $11.6 billion as of August of this year and phased out of thermal coal investments entirely as of last year. La Caisse de dépôt et placement du Québec (CDPQ), Canada’s second largest pension fund, has committed to increasing its low-carbon investments by 50 percent by 2020, representing more than $8 billion in new investment. New York State Comptroller Thomas P. DiNapoli put an an additional $2 billion into the state’s low emissions equities index, raising the fund’s sustainable investments portfolio to $7 billion. And group of investors, pension funds, and city and state authorities recently unveiled the Green Bond Pledge, a declaration that all bonds financing long-term infrastructure and capital projects need to address environmental impacts and climate risk.

 

Read More Here:

https://www.forbes.com/sites/mindylubber/2018/09/12/gcas/#30eae1fc292a