July 25, 2013
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Air & Climate Newsletter July 25, 2013 |
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| This Week´s Featured News Stories |
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UN, Major Investment Firms Call for Increased Focus on Carbon Risk Management and Carbon Accounting in Investment Industry
Institutional investors should start measuring, disclosing and reducing greenhouse gas (GHG) emissions associated with their investments and portfolios to reduce policy, regulatory and financial risks associated with these emissions, a new Investor Briefing launched by the United Nations Environment Programme Finance Initiative (UNEP FI) said today. The briefing was developed jointly by UNEP and a group of leading investors, including Allianz, Aviva, Hermes, HSBC, Eurizon Capital, Inflection Point Capital, Pax World Investments, Robeco SAM and Trillium Asset Management. It argues that carbon ... | ||
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Cost of Arctic methane release could be `size of global economy`
Economic modelling shows that the possible methane emissions caused by shrinking sea ice from just one area of the Arctic could come with a global price tag of 60 trillion dollars - the size of the world economy in 2012 according to a new report.As the Arctic warms and sea ice melts at an unprecedented rate, hitting a record low last summer, the thawing of offshore `permafrost` - frozen soil - in the region is releasing methane, a powerful greenhouse gas.Scientists have previously warned that there are vast reservoirs of methane in the Arctic, hundreds of billions of tonnes of a gas many times ... | ||
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