European Asset Owners: Climate Alignment of Public Equity and Corporate Bond Portfolios | WWF

European Asset Owners: Climate Alignment of Public Equity and Corporate Bond Portfolios

Posted on 11 December 2018
EU ministers played Robin Hood, but backwards – agreeing to give even more free pollution permits to heavy industry, rather than auctioning them and using the revenues for climate action and climate finance.
© Pixabay
At COP24, WWF launched its report European Asset Owners: Climate Alignment of Public Equity and Corporate Bond Portfolios. The report offers a forward-looking climate scenario analysis on how Europe’s largest asset owners are aligning - or not - their public equity and corporate bond portfolios with the Paris climate goal of keeping global warming well below 2°C.

WWF identified the largest asset owners in 11 European countries and approached 88 of them to undertake a forward-looking climate scenario assessment. 33 agreed to disclose their climate alignment results in this report for a set of key climate-relevant technologies: coal power, renewable power, coal mining, oil production and gas production.   
EU ministers played Robin Hood, but backwards – agreeing to give even more free pollution permits to heavy industry, rather than auctioning them and using the revenues for climate action and climate finance.
© Pixabay Enlarge