Only 1.5% of global investment funds are aligned with a 1.5ºC scenario and none are aligned when scope 3 is considered | Clarity AI
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There is a transition to a lower temperature but assets are still not aligned with Paris Agreement The Paris Agreement, adopted in 2015, is an international treaty under the UNFCCC to combat climate change. It aims to limit global temperature rise to below 2º C and strives for 1.5º C. The agreement outlines actions for
  • Bye@lemmy.worldEnglish
    10·
    1 year ago

    Because carbon is still externalized. It makes financial sense to invest in dirty industry etc because the margins are effectively subsidized. If carbon was taxed appropriately, this would move around. Until then, of course people whose job it is to provide ROI are going to throw money at dirty industry, especially in the developing world.