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FNArena s dedicated ESG Focus news section zooms in on matters Environmental, Social & Governance (ESG) that are increasingly guiding investors preferences and decisions globally. For more news updates, past and future:
ESG Focus: Summit Calm Before The Storm
The Climate Summit last week proved an anticlimax but with some interesting takeouts: natural gas has been granted a reprieve and indications were given on the timing of fund flows
-Summit more of an assurance than a hard hitter
-But the storm is soon to hit – or should we say flood – perhaps 2022
-Methane gains a reprieve
By Sarah Mills
There was a sense of anticlimax from the Earth Day Climate Summit last week.
After Climate Summit, a Promising New Tool for Latin America
April 29, 2021
A new climate financing fund is not interested in past wins and plans to flow money to cut deforestation now. A vessel transports logs on a raft in the region of Baixo Tocantins in Pará, Brazil.Photo by TARSO SARRAF/AFP via Getty Images
RIO DE JANEIRO – Pledges made at the global Climate Summit convened by the U.S. on Earth Day marking the welcome return of the U.S. to the efforts to address climate change were met by many with skepticism. Headlines around the world focused on the promises made by presidents, kings and prime ministers, and whether they would actually translate into action.