Wealth funds urged to end inaction on climate

Adobe_oil_575x375_08March2020
By GlobalCapital
25 Jun 2020

Sovereign wealth funds are not using their huge resources to tackle climate change, and are therefore impeding the world's efforts to meet the goals of the Paris agreement, the Organisation for Economic Cooperation and Development has warned.

By Phil Thornton

The club of 30 wealthy countries said SWFs needed to take a more active role in investing their $8.2tr of funds, much of which come from natural resource revenues.

A report by Håvard Halland, senior economist at the OECD's natural resources for development unit, said less ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial