Edition for 25 January 2020

Top Stories

US and Europe clash over climate crisis threat on last Davos day (Guardian)

  • The US and Europe have clashed over the threat posed by global heating as Donald Trump’s finance minister downplayed the risks of a climate crisis during the final session of the World Economic Forum in Davos.
  • Steve Mnuchin, the US Treasury secretary, said the debate should be about “environmental issues” rather than climate change, that the costs were being over-estimated and that climate was only one of several concerns that needed to be discussed.
  • He reacted strongly after the president of the European Central Bank, Christine Lagarde, said it was vital to include climate risks into economic forecasts and Germany’s finance minister, Olaf Scholz, said his country was stepping up its fight to reduce the use of carbon.

Temasek may get 'more aggressive' on green goals (Straits Times)

  • Temasek International may accelerate its climate change goals as the company puts environmental, social and governance principles at the heart of its strategies.
  • Temasek has pledged to become carbon neutral by the end of the year and aims to halve the emissions of its portfolio companies by 2030.
  • The firm's climate-conscious investments include a US$500 million (S$675 million) joint venture with Swedish private equity firm EQT to acquire renewable energy generators in India.

A Call for Investors to Put Their Money Toward a Green Future (NY Times)

  • For wealthy Davos men and women, as well as people from less rarefied air, targeted investing is one way to force change on carbon-emitting companies.
  • Climate change has been a key theme this week at the World Economic Forum in Davos, Switzerland, with big ideas being bandied about, and big-picture proposals being announced.
  • A Davos initiative to plant one trillion trees gained the support of President Trump and the United States, a pledge that was met with a rebuke by the young climate activist Greta Thunberg.

‘American Idol’ Producer Fremantle Looks To Reduce Global Environmental Footprint (Variety)

  • Aiming to reduce its waste and emissions, London-based “Idol” producer-distributor Fremantle has formed a partnership with Albert, a collaborative industry-backed project aimed at tackling the environmental impact of the entertainment sector.
  • Fremantle is working with Albert to develop a version of Albert’s carbon calculator, which tracks emissions caused by productions, for use by global businesses and production houses.
  • The companies hope to use Fremantle’s global scale and Albert’s industry clout to provide the international production community the opportunity to accurately track their carbon emissions.

What if the restrictions on tobacco ads applied to climate-polluting products? (Corporate Knights)

  • There are striking parallels between the tobacco epidemic and the climate crisis.
  • What would it look like if the restrictions applied to lessen tobacco use were applied to GHG-emitting products, to reduce our carbon emissions?
  • In a world awash with fossil fuels, not encouraging demand could be one key to effective climate action.

The Climate Sentinel is an AI-powered news assistant for ESG investors and those concerned about climate change, corporate social responsibility, and related topics. Learn more.

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