News Digest Item
13 Dec 2017

“States find money against climate change”

Spiegel Online

An article by Axel Bojanowski for Spiegel lists some of the One Planet Summit’s achievements as follows:

  • World Bank announces it will stop supporting oil and gas production as of 2019

  • From 2018, the World Bank will publish all the projects it funds in the energy sector

  • French insurance company AXA will stop insuring the construction of coal plants and tar sands businesses

  • Norwegian pension fund Storebrand will increase its portfolio for greenhouse gas-free investments to 3 billion dollars

  • 100 investors pledged to increase the pressure on the world’s largest corporate greenhouse gas emitters, including Coal India, Gazprom and Exxon

  • The EU Commission will look into making bank loans for renewable energy projects more accessible.

Read the article in German here.

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