Around the world, institutional investors – including pension funds, insurance companies, philanthropic endowments, and universities – are grappling with the question of whether to divest from oil, gas, and coal companies. The reason, of course, is climate change: unless fossil-fuel consumption is cut sharply – and phased out entirely by around 2070, in favor of zero-carbon energy such as solar power – the world will suffer unacceptable risks from human-induced global warming. How should responsible investors behave in the face of these unprecedented risks?
Jeffrey D. Sachs & Lisa E. Sachs,
The Responsible Investor’s Guide to Climate Change,
Project Syndicate, January 29, 2015
Available at: https://scholarship.law.columbia.edu/sustainable_investment_staffpubs/135