UK. Sustainable Investment And The Race to Zero Emissions During The Covid-19 Pandemic
The coronavirus disease (COVID-19) threw the world’s health, economic and financial systems into disarray, but the pandemic did little to distract the U.K. from the climate crisis. A recent survey by Ipsos shows two-thirds of Britons consider climate change to be as serious as the pandemic, and the majority support a green economic recovery.
Their voices are not unheard, since leaders at all levels of society are strategizing ways to “build back better” for our planet. The UN’s Race to Zero initiative is the latest push towards net-zero carbon emissions by 2050 and forms an alliance of leading net zero movements representing 21 regions, 441 cities, 992 businesses, 38 investors and 505 universities.
These ‘real economy’ actors are united with 120 countries in the world’s largest coalition to reach net zero emissions by 2050 and, together, reflect about 25% of emissions globally and over 50% of global GDP.
The Focus on Climate Crisis Is Still a Priority
During this period, the financial sector saw sustainable funds experiencing a net inflow of £37 billion globally amid the panic of Q1, while investment funds overall had a net withdrawal £302.8 billion over the same quarter according to Morningstar.
Read more @Forbes
