The heat goes on for empty net zero pledges

NZ consultant on climate risk and investment David Lewis says global fund managers need to deliver on net zero pledges. (Image: Supplied)

Greg Hurrell

Thu, 08 Jun 2023

Global capital has a critical part to play in reducing climate emissions, but international organisations such as the Glasgow Financial Alliance for Net Zero and its subsidiaries have been accused of being fronts for greenwashing. The question is whether they can put their houses in order in the face of defections and the threat of legal crackdowns.According to the United Nations (UN), based on current national climate plans, global greenhouse gas emissions will rise 11% by 2030 from 2010 levels. And that assumes all those climate plans &n...

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