Global Coalition Announces Major Commitments as World Leaders Gather at UN; Thousands of new commitments represent a 50-fold increase in one year. The movement to divest from fossil fuels and invest in renewable energy and climate solutions has exploded, growing 50-fold in just one year and topping $2.6 trillion (£1.68tn), according to a new analysis released today.
More than 400 institutions and 2,000 individuals have pledged to divest from fossil fuels, the report from Arabella Advisors found. These commitments include governments and investors from 43 countries and multiple sectors, including pension funds, health, education, philanthropy, faith, entertainment, climate justice and municipalities.
Recent notable commitments include the California Public Employees’ Retirement System, the Norway Pension Fund, the Canadian Medical Association, the World Council of Churches, the University of California system, Leonardo DiCaprio and the Leonardo DiCaprio Foundation.
“Climate change is severely impacting the health of our planet and all of its inhabitants, and we must transition to a clean energy economy that does not rely on fossil fuels, the main driver of this global problem,” said actor and environmentalist Leonardo DiCaprio, who announced his commitment today. “After looking into the growing movement to divest from fossil fuels and invest in climate solutions, I was convinced to make the pledge on behalf of myself and the Leonardo DiCaprio Foundation. Now is the time to divest and invest to let our world leaders know that we, as individuals and institutions, are taking action to address climate change, and we expect them to do their part this December in Paris at the U.N. climate talks.”
Recent financial analyses from HSBC, Citigroup, Mercer, Bank of England and the International Energy Agency all indicate a significant, quantifiable risk to portfolios exposed to fossil fuel assets.
“The Arabella Report shows that more and more investors are reducing their carbon risk today and diversifying their portfolios with the goal to harness the upside in the sustainable clean growth industries of the future,” said Thomas Van Dyck, Managing Director-Financial Advisor of SRI Wealth Management Group. “That underscores what I see every day as a financial advisor–that the demand for fossil-free investment products is increasing.”
“Investing at scale in clean, efficient power offers one of the clearest, no regret choices ever presented to human progress,” said Christiana Figueres, executive secretary of the UNFCCC, in a video statement at a press conference in New York today unveiling the Arabella Advisors report. The United Nations climate chief has been advocating for the shift of investment flows from fossil fuels to climate solutions to meet the $1-trillion-a-year need for clean energy investment–and to create momentum ahead of the upcoming international climate negotiations in Paris this December.
“This shift in investment flows is especially critical for underserved communities and people living in poverty, who are disproportionately affected by the negative impacts of climate change,” said Rev. Lennox Yearwood, Jr., president and CEO of Hip Hop Caucus. “Climate change hits the poor first and worst. It is a racial and economic justice issue that must be addressed with solutions like the Divest-Invest movement to empower these communities, eliminate health disparities and drive the shift to a clean energy economy.”
“If these numbers tell us anything, it’s that the divestment movement is catching fire,” said May Boeve, Executive Director of 350.org. “Since starting on the campuses of a few colleges in the U.S., this movement has struck a chord with people across the world who care about climate change, and convinced some of the largest and most influential institutions in the world to begin pulling their money out of climate destruction. That makes me hopeful for our future, and it’s sending a clear message to world leaders as they head into Paris: It’s time for them to follow suit, and divest our governments from fossil fuel companies too.”
“Pope Francis told us this past June in his encyclical that the earth is a gift from God and that we are responsible for protecting it,” said the Rev. Fletcher Harper, executive director of GreenFaith. “The pace of fossil fuel divestment within faith communities worldwide, combined with the growing commitment to investing in clean energy, particularly for the world’s poor, show that the world’s spiritual and moral leaders grasp the urgency of the climate crisis and are ready to act.”
Divestment strategies vary among participants in the movement. Some have divested from all fossil fuel companies both large and small; others are beginning with coal and/or tar sands. The Arabella Advisors report provides details on commitments made to date.
For more information on the announcement or to download the Arabella Advisors report, please visit www.divestinvest.org.
How to make a sustainable living out of Forex Trading?
There are two different types of forex trading in general: the profitable one and the not so profitable one. Everyone wants good profits at the end of the day, but unfortunately a good number of traders are burdened with the huge losses at the end of their forex careers. Many newbies run the other way around when they hear about forex trading due to heavy losses in their initial period. Of course, you would have heard about all those success stories, in your friends’ circle or on the internet. However, if you are looking forward to replicate those success stories, you need get yourself ready before that.
In this article, we will discuss the six essential skills that are needed to earn some profits from trading foreign currencies and make a sustainable living out of it.
1. Limit your risk ceiling
When you start with forex, you should try to define limits. Try to create a balanced scorecard that defines your personality with regards to various parameters such as your strengths, weaknesses, behaviors, and ability to take risks. It is essential that you list your financial goals before you start with forex trading.
2. Learn about leverage ratio and account type
When you start, brokers will suggest different forex trading accounts that might take you for a whirl if you aren’t prepared. Each forex trading account has its own pros and cons. It is essential that you engage with your broker to create a mini trading account so that you will be able to warm up on your forex trading skills in a low risk environment.
3. Start small
While starting out, some investors rush to have multiple currency pairs without doing proper research on them beforehand. It is very important have you understand the nature and volatility of a currency before you start trading a pair. Every single foreign currency is like a market onto itself. It is therefore important that you take the time to study about the country before forming pairs to understand the volatility of the currency. By using forex trading platforms such as ETX Capital, you can take informed decisions easily.
4. Learn to control emotions
A forex trader should never take any decisions on the spur of the moment based on emotions and should be as rational as he can. Controlling your impulses is the key to becoming a great forex trader.
5. Automate your processes
I am not suggesting you to rely completely on forex robots and trade copiers, but make use of the latest automation tech to execute transactions faster than ever before. Make use of automation features such as stop loss, price options etc. to make the most out of the exciting opportunities.
6. Keep it simple.
Not everyone can be a genius economist, mathematician and a trader, bundled into one. Forex trading is not a complex subject, you only need to arm yourself with positive thinking, and set yourself clear and realistic goals.
I hope this article was useful for you to learn about the key reasons why online forex trading is a good investment and how you can earn money through it. If you have any doubts with regards to this, let us know through the comments and we will be glad to help you out. If you have any suggestions regarding how we can improve the article, let us know them through the comments as well for us to improve.
Though it’s a reliable source of income, you will have to educate yourself properly before you start investing. It is important that you take the time to understand why things are the way they are before you jump all in and start making your first big bucks. All the best for your future ventures and keep coming for more interesting and useful articles.
How to Achieve your Financial Goals by Sustainable Investments
No matter how you choose to invest your hard earned money, it can be difficult to achieve your financial objectives independently. After all, an estimated $5.3 trillion is traded on the forex market alone every single day, but not all of this goes towards successful investments. So, while you may have access to a wider range of investments than ever before in the modern age, this means little unless you have the expertise to optimize them. In this post, we’ll look at how you can achieve your financial objectives simply by managing your investments effectively and leveraging objective expertise in relevant fields.
Using Reputable and Skilled Financial Planning Experts
The key is to identify relevant and reputable experts, in relation to your core objectives and the precise asset classes that exist within your portfolio.
Aside from identifying accredited service providers, you need to partner with firms that make their unique value proposition clear. This, along with a clear list of services provided by the firm, help you to understand precisely what you will get in exchange for your investment.
If we consider a financial planning firm such as Tilney, for example, you’ll see that they have devoted an entire selection on their website to in-depth, wealth management guides. These cover everything from personalised investment management to tax efficient investment, while they also include detailed information on best practice and how the Tilney service helps you to achieve your goals.
The interesting thing about firms like Tilney and similar service providers is that they provide a comprehensive range of investment and financial management features, which may prove invaluable if you have a diverse portfolio of assets. In this instance, you’ll need to identify service providers that boast a broad base of knowledge and expertise, so that they can help your investments to flourish while providing assistance at every conceivable stage of the process.
Managing Estates and Future Financial Planning
The notion of managing investments at alternative stages is an interesting one, particularly as the value of your assets can depreciate at any time. From looking to invest your capital in the real-time market to organising your estate so that it can secure the financial future of your loved ones, it’s imperative that you retain access to a service provider that can provide seamless advice along the way.
Estate planning also places a heavy focus on your tax liability, as this can eat into your capital and diminish its long-term value. Make no mistake; industry experts can calculate your tax burden and reveal precisely how much you’re likely to pay on your estate, before suggesting viable ways in which this can be reduced. This type of investment management step can make a big difference to the value of your estate, enabling you and your beneficiaries to enjoy the fruits of your labour.
The Last Word
Ultimately, managing your investments over a sustained period of time is crucial to their success, and arguably as important as choosing the right asset classes in the first instances.
Without an expert partner to help manage your portfolio from inception to maturity, you may find that it is doomed to fail.
- Energy2 weeks ago
How Much Energy Does Bitcoin Use, Really?
- Environment3 weeks ago
Biggest Tip to Eco-Friendly Car Ownership (Which May Surprise You)
- Energy3 weeks ago
Top 5 Changes You can Make in Your Life to Reduce Your Carbon Footprint
- Energy3 weeks ago
4 Energy Efficient Home Upgrades that You Can Install Yourself