1997 Kyoto Protocol and Climate Finance: The Road to Net-Zero
1997 Kyoto Protocol's Role in Climate Finance
The 1997 Kyoto Protocol represents a critical step in global climate action. However, achieving the net-zero target by 2050 demands financing far beyond current investments. Major players such as CalPERS, ExxonMobil, and the Rockefeller Foundation (RF) hold the key to unlocking these funds.
Fossil Fuels and the Future of Climate Financing
Fossil fuels continue to dominate investments despite calls for a green transition. Sovereign Wealth Funds (SWFs) are now in a position to lead the shift towards sustainable finance, reshaping their portfolios to align with the Paris Agreement. For climate goals to be met, a substantial reallocation of resources is essential.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.