Sentences with phrase «than fossil fuel investments»

It concluded that, all in all, job impacts would be positive, in part because clean energy investments are more labor - intensive than fossil fuel investments.

Not exact matches

The fossil fuel divestment campaign began on university campuses in 2011 but the new report reveals that concerns over investments in coal, oil and gas have now entered the financial mainstream, with more than 80 % of the funds now committed to divest being managed by commercial investment and pension funds.

Investment in clean energy set a new record last year, with more money invested globally in new renewable power than in new power from fossil fuels.

And with clean energy investment globally hitting a record - breaking US$ 367 billion last year — nearly 50 per cent more than was invested in fossil - fuelled electricity — it's a great time to buy into this particular market.

Made up of experts form the investment, energy, environmental and legal industries, the panel will advise DiNapoli on ways the state's more than $ 200 billion pension system can reduce its investments in fossil fuel companies while increasing investments in clean energy.

Investments in fossil fuel infrastructure locks us into decades more reliance on energy that is heating the planet and more expensive than clean renewables.

Amalgamated, a left - leaning bank with roots in the labor movement that manages more than $ 40 billion in assets under management, said it would adopt new policies about lowering its exposure to the fossil fuel industry in its own investments and its loans.

If fossil fuels will eventually run out, (a common theme if you believe the earth is round) then investment in fossil fuel replacement is infinitely cheaper than re-investing in a dying industry.

«More than 80 leading economists from 20 countries have signed a Declaration on Climate Finance urging for an immediate end to investment in new fossil fuel projects and a dramatic increase in renewable energy investment.»

This hurdle is rapidly shifting now that solar is more widely seen as a wise financial investment, in addition to being far more sustainable than fossil fuels.

The question remains: Is Big Oil's investment in algae biofuels based on confidence in a credible alternative to fossil fuels, or is it nothing more than a public relations stunt?

After more than five years of inspiring and creative campaigning from the climate movement, the New York City and State pensions are moving forward to freeze new investments in fossil fuels and divest.

Investment in renewable generation capacity will therefore largely be in addition to, rather than replacement for, the massive investment in fossil fuel and nuclear plant required...» — UK House of Lords, «The Economics of Renewable Energy,» NovInvestment in renewable generation capacity will therefore largely be in addition to, rather than replacement for, the massive investment in fossil fuel and nuclear plant required...» — UK House of Lords, «The Economics of Renewable Energy,» Novinvestment in fossil fuel and nuclear plant required...» — UK House of Lords, «The Economics of Renewable Energy,» Nov. 25, 2008

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.

The up - front investments are expensive, but savings will begin to exceed those costs by 2040, and even sooner if oil prices rise faster than expected, or if we factor in the costs of climate change and the impact of burning fossil fuels on public health.

Meanwhile, IRENA estimates that the overall stranded asset risk doubles to more than $ 20tn if rapid decarbonisation of the energy sector is delayed to 2030 and fossil fuel investments continue to rise.

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.

Fossil fuel companies are polluters — rather than sources of affordable, dependable energy who've made enormous investments in pollution reduction.

As of last month, more than 800 global investors — including foundations such as the Rockefeller Brothers, religious groups, healthcare organisations, universities and local governments — have pledged to withdraw a total of $ 50bn (# 31bn) from fossil fuel investments over the next five years as a result of the campaign which began on college campuses in the United States three years ago.

It is a recipe for healthy prosperity that will save Marylanders between $ 1.3 billion and $ 7.3 billion a year (2011 dollars) in energy costs in 2050, even after making provisions for (i) assistance for low income households to pay no more than 6 percent of income on energy bills, (ii) proactive investments in communities now dependent on fossil - fuel - related jobs, and (iii) new job creation in underserved areas.

Specifically, a clean - energy investment agenda generates more than three times the number of jobs within the United States as does spending the same amount of money in the fossil fuel sectors.

This Pollyanna view of fossil fuel alternatives and efficiency, which makes going green seem cheap and easy — little more than the cost of «a postage stamp a day» — has provided the justification for green - policy advocacy that has overwhelmingly focused on pollution regulations and carbon pricing while ignoring serious investment in energy research and development.

According to MSCI (PDF), which provides indexes for over 6,000 pension and investment funds, investing in a market index free from fossil fuels would generate a higher return than an index that included fossil fuels.

Over the past five years, and growing dramatically leading up to and post-Paris COP 21, a movement of institutional and individual investors representing more than $ 3.4 tn in assets under management have divested a portion of their fossil fuel investments and committed to divesting the balance in the next five years.

A recent analysis by Patrick Geddes, chief investment officer and partner of investment firm Aperio Group, found that even a portfolio that excluded all fossil fuel companies would incur significantly less financial risk than would the practice of active stock selection.

Norway's Storebrand, which holds more than $ 30 billion in assets, recently announced that it would exclude 13 coal and six oil sands companies from all investments «to reduce Storebrand's exposure to fossil fuels and to secure long - term, stable returns for our clients.»

Such an analysis does not even take into account the long - term investment implications of the argument that if climate change is to be limited to a global increase in temperatures of 2 degrees Celsius, no more than 20 percent of all fossil fuel reserves accounted for at present can be burned.

And we will be emitting more than now and will have locked in even more emissions with long - term fossil - fuel investments.

Renewable energy and energy efficiency investments create far more jobs per dollar spent than fossil fuels, including natural gas (source - PDF).

As of December of 2016, investment funds worth more than $ 5 trillion have now committed to divesting their fossil fuel assets.

In reality, investments in renewable energy or energy efficiency have been shown to create far more jobs than equal investments in fossil fuel industries (see Green For All citing UC Berkeley, SolarLove citing U-Mass at Amherst, Citizen's Climate Lobby references).

Harvard's decision comes less than a week after the Intergovernmental Panel on Climate Change (IPCC) sounded the alarm for immediate action on climate change and the necessity for keeping much of known fossil fuel reserves in the ground, a reality that will affect investments in fossil fuels.

The fossil fuel divestment campaign began on university campuses in 2011 but the new report reveals that concerns over investments in coal, oil and gas have now entered the financial mainstream, with more than 80 % of the funds now committed to divest being managed by commercial investment and pension funds.