Connect with us

Hi, what are you looking for?

CleanTechnica

Green Economy

“Divest For Paris” Challenges Leaders To Show Climate Leadership

Environmental leaders launched “Divest for Paris” at the Paris Divestment Conference on Tuesday in an attempt to challenge global institutions, individuals, and governments to show climate leadership.

The Paris Divestment Conference, held on September 1, was co-hosted by 350.org and the European Green Party in an attempt “to further mobilise for fossil fuel divestment, discuss the risks of a so-called carbon bubble, and highlight opportunities for a sustainable financial system.” The summit featured speakers such as Bill McKibben, co-founder of 350.org, Stephen Heintz, President of the Rockefeller Brothers Fund, Nicolas Hulot, Special Envoy of the French President for the Protection of the Planet, Pascal Canfin, from the Commission on Climate Finance and former French Development Minister, representatives from the World Council of Churches, the Carbon Tracker Initiative, and many more.

Divest for Paris is set to carry on the ideals of the day-long summit, “challenging institutions, individuals, and governments to show climate leadership and align their investments with their values by divesting from fossil fuels ahead of the COP21 Climate Summit in Paris.”

“If you say you want action in Paris, then you have a responsibility to divest from fossil fuels,” said 350.org Executive Director May Boeve. “By shifting resources from the dirty energy of the past to the 100% renewable energy of the future, institutions can model the type of action we need from countries at COP21. With our climate in crisis, divestment is a moral necessity.”

We’ve covered a veritable truck-load of divestment announcements over the past years, from entire countries, cities, pension funds, and a multitude of educational institutions the world over. (350.org has a fantastic running list of divestment commitments.)

Specifically, a number of institutions throughout Europe are stepping up to increase the call for fossil fuel divestment.

“The European Parliament has formed a cross-party group working on the carbon bubble and divestment while the European Central Bank is looking into the risks of a carbon bubble,” said Reinhard Bütikofer, Member of Parliament and Co-Chair of the European Green Party. “Unfortunately, however, the European Commission seems to be dragging its feet. This divestment conference is therefore also a call to them: don’t be behind the curve. There is no future for fossil fuels – or there is no future.”

Image Credit: via 350.org

 
Appreciate CleanTechnica’s originality and cleantech news coverage? Consider becoming a CleanTechnica Member, Supporter, Technician, or Ambassador — or a patron on Patreon.
 

Don't want to miss a cleantech story? Sign up for daily news updates from CleanTechnica on email. Or follow us on Google News!
 

Have a tip for CleanTechnica, want to advertise, or want to suggest a guest for our CleanTech Talk podcast? Contact us here.
Advertisement
 
Written By

I'm a Christian, a nerd, a geek, and I believe that we're pretty quickly directing planet-Earth into hell in a handbasket! I also write for Fantasy Book Review (.co.uk), and can be found writing articles for a variety of other sites. Check me out at about.me for more.

Comments

You May Also Like

Clean Power

In the latest renewable energy auction in the UK, the cost of offshore wind was a quarter of the cost of gas-fired thermal generation.

Agriculture

Food security is more important than energy security.

Climate Change

Laws to limit divestment in Texas have met with resistance, as bankers and analysts have figured out ways to detour around Big Oil in...

Climate Change

Bill McKibben says reality is what we say it is and now is the time to get real.

Copyright © 2021 CleanTechnica. The content produced by this site is for entertainment purposes only. Opinions and comments published on this site may not be sanctioned by and do not necessarily represent the views of CleanTechnica, its owners, sponsors, affiliates, or subsidiaries.