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UN backing fossil fuel divestment campaign

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Ethical investment is not a new thing, but the recent trend towards massive and sweeping fossil fuel divestment from pension funds, universities and cities, has definitely taken the idea of considering the morals of an investment to a new level – and the UN Framework Convention on Climate Change (UNFCCC) is backing the widespread campaign, lending its “moral authority” in the lead up to a major UN climate summit in Paris later this year.

Speaking to the Guardian, Nick Nuttall, spokesman for the UNFCCC, made it clear that the UN is fully supporting the current global divestment campaign.

“We support divestment as it sends a signal to companies, especially coal companies, that the age of ‘burn what you like, when you like’ cannot continue,” said Nuttall.

Nuttall’s comments come in the wake of a number of major institutions and cities around the world making public commitments to divest from fossil fuels.

In early March, the City of Oslo, capital of Norway, announced that they would be divesting $7 million (£4.7m) worth of coal assets from its pension fund. Norway announced last December that it would begin excluding the most harmful of climate offenders from its $870 billion (£589bn) sovereign wealth fund on a “case-by-case basis”. Subsequently, the bank in charge of the country’s sovereign wealth fund announced in February that 49 companies had been divested from the fund’s investments.

An ever-increasing number of universities around the world have also made the decision to divest their fossil fuel investments, including a number throughout the US, Sweden, and the University of Sydney, the first Australian university to do so.

The most prominent universities currently faced with the decision to divest are the University of Oxford and Harvard University. The University of Oxford deferred the decision on whether to divest from fossil fuel investments to May, sparking widespread condemnation from school and alumni.

Despite the obvious widespread interest in fossil fuel divestment, and the ever-increasing action taken to divest, fossil fuel companies are unhappy with the UN’s support of the movement.

The World Coal Association (WCA) is quoted by the Guardian as criticising the UNFCCC’s decision to back divestment, saying it threatened investment in cleaner coal technologies. In a statement from February, the Association wrote, “Coal plays a vital role in society by providing 40% of global electricity and as an indispensable ingredient in modern infrastructure.”

Benjamin Sporton, WCA’s acting chief executive, commented, “Calls for divestment ignore the global role played by coal and the potential offered by HELE and CCUS technologies. It is essential that responsible investors actively engage with the coal industry. All low emission technologies are needed to meet climate targets. We cannot meet our energy needs, tackle energy poverty and reduce global emissions without utilising all options available to us, including low emissions coal.”

Nevertheless, the UNFCCC stand by their support of global divestment, as Nuttall explained, “Everything we do is based on science and the science is pretty clear that we need a world with a lot less fossil fuels. We have lent our own moral authority as the UN to those groups or organisations who are divesting. We are saying ‘we support your aims and ambitions because they are fairly and squarely our ambition’, which is to get a good deal in Paris.”

Photo: oatsy40 via Flickr

Further reading:

Oxford University defers divestment decision

London assembly backs fossil fuel divestment

University of Edinburgh academics call for divestment

Campaign calls on Pope to support fossil fuel divestment

Fossil fuel divestment campaigns can help ‘stigmatise’ industry

Energy

Responsible Energy Investments Could Solve Retirement Funding Crisis

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Energy Investments
Shutterstock / By Sergey Nivens | https://www.shutterstock.com/g/nivens

Retiring baby-boomers are facing a retirement cliff, at the same time as mother nature unleashes her fury with devastating storms tied to the impact of global warming. There could be a unique solution to the challenges associated with climate change – investments in clean energy from retirement funds.

Financial savings play a very important role in everyone’s life and one must start planning for it as soon as possible. It’s shocking how quickly seniors can burn through their nest egg – leaving many wondering, “How long will my retirement savings last?”

Let’s take a closer look at how seniors can take baby steps on the path to retiring with dignity, while helping to clean up our environment.

Tip #1: Focus & Determination

Like in other work, it is very important to focus and be determined. If retirement is around the corner, then make sure to start putting some money away for retirement. No one can ever achieve anything without dedication and focus – whether it’s saving the planet, or saving for retirement.

Tip #2: Minimize Spending

One of the most important things that you need to do is to minimize your expenditures. Reducing consumption is good for the planet too!

Tip #3: Visualize Your Goal

You can achieve more if you have a clearly defined goal in life. This about how your money can be used to better the planet – imagine cleaner air, water and a healthier environment to leave to your grandchildren.

Investing in Clean Energy

One of the hottest and most popular industries for investment today is the energy market – the trading of energy commodities. Clean energy commodities are traded alongside dirty energy supplies. You might be surprised to learn that clean energy is becoming much more competitive.

With green biz becoming more popular, it is quickly becoming a powerful tool for diversified retirement investing.

The Future of Green Biz

As far as the future is concerned, energy businesses are going to continue getting bigger and better. There are many leading energy companies in the market that already have very high stock prices, yet people are continuing to investing in them.

Green initiatives are impacting every industry. Go Green campaigns are a PR staple of every modern brand. For the energy-sector in the US, solar energy investments are considered to be the most accessible form of clean energy investment. Though investing in any energy business comes with some risks, the demand for energy isn’t going anywhere.

In conclusion, if you want to start saving for your retirement, then clean energy stocks and commodity trading are some of the best options for wallets and the planet. Investing in clean energy products, like solar power, is a more long-term investment. It’s quite stable and comes with a significant profit margin. And it’s amazing for the planet!

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How to make a sustainable living out of Forex Trading?

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sustainable forex trading
Shutterstock Licensed Photo - By Robert Kneschke | https://www.shutterstock.com/g/robertkneschke

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.

Conclusion

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.

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