When BlackRock, the world’s largest money manager, announced in January that climate risks would become central to its investment strategy, it was a sign of the times.
Multiple events in the past few months indicate that we’re in a new phase in the global effort to address climate change. The action is happening largely outside the United Nations’ negotiations. What changed, and what are the consequences?
In the 1990s, national governments led the charge, trying to stop climate change by building formal treaties with legally binding targets to greenhouse gas emissions. That first phase ended with the slow failure of the Kyoto Protocol.… Seguir leyendo »