Greta Thunberg Leads Climate Protest Blocking Swedish Parliament Entrances
Environmental activist Greta Thunberg, along with a group of like-minded activists, took a bold stance by blocking the main entrances to Sweden's parliament,
HOT: » Assessing the Legacy of Bulgaria's "Denkov" Cabinet: Achievements, Failures, and What Comes Next
More than 450 financial companies from 45 countries have participated in a new initiative aimed at protecting the climate. The participants are banks, insurance and auditing companies, pension funds, rating agencies and stock exchanges.
The new initiative is led by UN Special Envoy for Climate and Finance Mark Carney. Its assets represent 130,000 billion dollars.
Participants are committed to achieving carbon neutrality by 2050 at the latest, it was announced at the climate meeting in Glasgow.
By the end of this decade, greenhouse gas emissions are planned to be reduced by up to 50%.
The new initiative is under the auspices of the Glasgow Financial Alliance for Net Zero Emissions, set up a few months ago.
Mark Carney is a former governor of the Central Bank of Great Britain.
Every five years, participants in the initiative will review their goals. They will report on their progress each year and the issues they fund.
"We already have the basics to bring climate change to the forefront of funding so that every financial decision takes climate into account," said Mark Carney.
According to him, to achieve this goal, "companies need to create solid transition plans, and countries have predictable policies. This will give the financial world the confidence to invest."
The funding needed to decarbonise the world economy is estimated at $ 100 trillion over 30 years.
However, this alliance leaves dissatisfied NGOs, who stress that it will not hinder investment in coal or oil.
/BNT
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
Bulgaria is set to experience favorable weather conditions on March 29, with mostly sunny skies forecasted across the country
In anticipation of the forthcoming adoption of regulations on packaging and packaging waste, the Association Polymers is spearheading a critical discussion on the pivotal role of recycling
As the night progresses, Western Bulgaria will see an increase in cloud cover, with light rainfall expected in some areas, particularly after midnight
Burgas is gearing up to offer its citizens and visitors a new mode of transportation to navigate its streets and discover its hidden gems
Overnight, rain is expected in various parts of Western and Central Bulgaria, extending to South-Eastern Bulgaria after midnight
On Monday, temperatures hovered around 10°C in Sofia, albeit feeling chillier due to brisk winds, as noted by Prof. Rachev on BTV
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022