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Special Presidential Envoy for Climate John Kerry speaks after being introduced by President-elect Joe Biden as he introduces key foreign policy and national security nominees and appointments on Nov. 24, 2020, in Wilmington, Delaware. Mark Makela/Getty Images
Major asset managers including Fidelity International and Wellington Management promised to support targets for net-zero greenhouse gas emissions in their portfolios, as the Paris Agreement to curb the rise in global temperatures marks its fifth anniversary this weekend.
The incoming Biden Administration has pledged to rejoin the Paris Agreement when it takes office, reversing the Trump administration’s withdrawal on grounds that it unfairly penalized U.S. workers.