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Post by sweetpea33 on Jan 24, 2024 5:06:09 GMT
Simultaneously reducing energy demand and shifting to more renewable supply offers the best outcome for the most people and businesses. Beyond divestment In financing, achieving climate alignment — that is, aligning investments with the world’s climate goals — is potentially a much bigger prize. It involves a complete reorganization of priorities that shifts the existing capital stock underpinning modern society. It’s not easy to accomplish because it requires a change in inertia and asks companies and investors to pull levers where they may lack direct control. Traditional ESG approaches such as divesting Email List from fossil fuels, offsetting emissions and building a new electric car can have an incremental impact on this, but what if we asked ourselves how to make that goal more impactful? So, what does climate alignment look like? Consider the 401(k). The extremely popular savings tool for workers, representing about $5.6 trillion, is an asset most workers won’t touch for decades — and something many could afford to align with the future they want to see. But the U.S. Department of Labor is only just now laying the groundwork to open more socially responsible and climate-aligned options for those assets.
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