Sentences with phrase «phasing out fossil fuel investments»

While overall spending on climate - related activities is higher than on fossil fuels, there is still a lack of progress in phasing out fossil fuel investments and increasing climate finance.

He reminded the gathering of Archbishop Emeritus Desmond Tutu's 2014 call for UCT to phase out its fossil fuel investments.

Not exact matches

Implementing key policies and investments in those three systems — from phasing out fossil fuels to stopping deforestation to ramping up energy efficiency — could deliver at least half of the emissions cuts needed by 2030 to lower the risk of dangerous climate change, said Jeremy Oppenheim, the report's program director.

Global energy - related emissions could peak by 2020 if energy efficiency is improved; the construction of inefficient coal plants is banned; investment in renewables is increased to $ 400 billion in 2030 from $ 270 billion in 2014; methane emissions are cut in oil and gas production and fossil fuel subsidies are phased out by 2030.

The World Energy Outlook 2016, released last week, is just one among an increasing line of studies showing how nations need to slow and, ultimately, phase out investment in new fossil fuel supply infrastructure — from oil fields and pipelines to coal mines — if they are serious about keeping warming to 2C or less.

-- Put a sufficiently high price on carbon and deliver the G - 20 commitment to phase out fossil fuel subsidies, using these funds to contribute to the several hundred billion US dollars per year needed to scale up investments in renewable energy.

Maintaining the momentum, and not forgetting where we started out, we rejoined with our Divest London friends at the beginning of 2016 with a sea - shanty / flooding themed event at City Hall, and celebrated a short while later when all four leading candidates for Mayor of London committed to work to phase out London - wide fossil fuel investments.

In accord with those values, we now move that the University makes a binding public commitment to phase out, at the least, over no more than five years, all investments in fossil fuel companies listed in the Carbon Tracker Top 200, seeking where advisable alternative investments in renewable energy.

But as they also phase out investment in fossil fuels, and as concern around climate change grows, they should consider relaxing these restrictions.

In 3 legislative files currently negotiated in Brussels the European Parliament progressed on financing matters: reporting on Fossil Fuel Subsidies phase - out; the linking the EU budget comes to national climate ambitions; a climate impact assessment tool for EU investments; and a 40 % climate earmarking target for the Juncker Investment Plan.