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<ul class="summary-list"><li>Insider's first <keyword id="14304407" type="UNKNOWN" weightage="60" keywordseo="climate-action-30" source="Orion">Climate Action 30</keyword> list will spotlight today's most impactful climate leaders.</li><li>We're looking for top global activists, business leaders, scientists, artists, community leaders, academics, politicians, influencers, and others who are working toward <keyword id="14304408" type="UNKNOWN" weightage="60" keywordseo="climate-solutions" source="Orion">climate solutions</keyword>. </li></ul>We're seeking <keyword id="12258851" type="UNKNOWN" weightage="60" keywordseo="nominations" source="Orion">nominations</keyword> for Insider's first Climate Action 30, which identifies the top 30 global leaders working toward climate solutions.Aligning with <a href="https://www.climateweeknyc.org/">Climate Week 2022</a>, Insider's Climate Action 30 will give our honorees a platform to issue their own call to action to our readers. <h2>What we're looking for</h2>Tell us about someone who you believe is doing some of the most impactful or promising work to tackle the global <keyword id="11896310" type="UNKNOWN" weightage="60" keywordseo="climate-crisis" source="Orion">climate crisis</keyword>. This could be a scientist or academic, an activist, a business leader, someone from an NGO, a private-sector executive, an influencer, an artist, a politician or a policymaker, among others.Nominees can be located anywhere in the world. Self-nominations are also welcome. <h2>How we judge </h2>Nominee short lists will be shared with our team of reporters, editors, and expert judges who will select the final 30 changemakers. Please <a href="https://85wow5qvd4n.typeform.com/climateaction30">submit your nominee via the below form or open it here</a>. The deadline for submissions is July 22.

Seeking nominations for Insider's first Climate Action 30 list

<ul class="summary-list"><li><keyword id="12048094" type="UNKNOWN" weightage="60" keywordseo="artists" source="Orion">Artists</keyword> and creatives can be key resources to getting people to act on <keyword id="11896311" type="UNKNOWN" weightage="60" keywordseo="climate-change" source="Orion">climate change</keyword>.</li><li>The "Culture: The missing link" event at <keyword id="12037021" type="UNKNOWN" weightage="60" keywordseo="cop26" source="Orion">COP26</keyword> will explore how artists can communicate the message.</li></ul><a href="https://juliesbicycle.com/why-we-exist/people/alison-tickell/">Alison Tickell</a>, founder and CEO of <a href="https://juliesbicycle.com/">Julie's Bicycle</a>, said that we must pay attention to how we're damaging the planet, and she thinks artists can help communicate that message in powerful ways. Her UK-based nonprofit mobilizes the <keyword id="12313303" type="UNKNOWN" weightage="60" keywordseo="arts" source="Orion">arts</keyword> and culture sector to take action on the climate crisis."No amount of data, science, or technology can ever make us feel the world in the same way as art can," she told Insider. "Art and culture have a huge role to play in breathing life into climate issues and to inspire people to take action." Tickell is chairing an event titled, "Culture: The missing link," at the <a href="https://ukcop26.org/">UN Climate Change Conference UK 2021</a> (COP26) in Glasgow on November 5, which will explore the key role of arts and culture in climate transformation. The session, which is a partnership with the <a href="https://www.britishcouncil.org/">British Council</a> and <a href="https://www.artscouncil.org.uk/">Arts Council England</a>, will show how artists and musicians from around the world are developing sustainable work and a climate-driven creative practice, she said. The discussion will feature a variety of artists, activists, and environmental experts, including author <a href="https://www.elifsafak.com.tr/home">Elif Shafak</a>, <a href="https://www.fridaysforfutureindia.com/">Fridays For Future India</a> founder Disha Ravi, scientist and climate communicator <a href="https://www.fridaysforfutureindia.com/">Ed Hawkins</a>, and others. Musician and EarthPercent ambassador <a href="https://twitter.com/lovessega?lang=en">Love Ssega</a>, poet <a href="http://www.selinanwulu.com/">Selina Nwulu</a>, and <a href="https://www.instagram.com/novaruth/?hl=en">Nova Ruth</a> will perform, and there will be a screening of a film showing artists and activists from around the world.The event will also highlight how <a href="https://www.seasonforchange.org.uk/">Season for Change</a>, a cultural program that's striving to inspire climate action, has engaged organizations and communities across the UK."We want people to be inspired and ignited by the many ways that artists are using their voice to raise awareness of climate issues," Tickell said. "And, in tandem, to understand that culture really is the missing link in driving climate action. Why? Because humans are driven by emotions and the arts make us feel." Because artists offer culturally specific perspectives and are embedded within their communities, such as through libraries, galleries, or theaters, they're well-positioned to drive local action on climate change. Public art, for example, gives people a way to engage with their environments. "We're witnessing an incredible creative surge within local communities everywhere, inspired by climate and environmental issues," Tickell said. "From city gardens to low carbon arts festivals, from pedal-powered music shows to nature-inspired poetry performances."Grassroots efforts using arts and culture can help citizens understand the unique climate challenges their communities face and inspire them to take action, Tickell said. But donating to local arts and supporting them in other ways is just as important as engaging with creatives. "Artists also need professional support through policy and funding, which is aligned to environmental concerns. How on earth can they thrive otherwise?" she said.

How the arts and culture sector can drive climate-change action

<div class="KonaFilter image-container display-table float_right"><div><div class="image on-image">Drew Angerer/Getty ImagesPresident-elect Donald Trump in New Jersey.</div></div></div>President-elect Donald Trump told the New York Times <a href="http://www.nytimes.com/2016/11/23/us/politics/trump-new-york-times-interview-transcript.html">during a wide-ranging interview on Tuesday</a> that his stance on taking climate change action will depend on what it costs US corporations. In response to a question from the Times' editorial page editor, James Bennet, about whether Trump thought "human activity" is connected to climate change, Trump replied that there is "some" connectivity, but that action from his administration depends on "how much it's going to cost our companies." "You have to understand, our companies are noncompetitive right now," Trump said, adding that the US has lost 70,000 factories since George W. Bush's administration, and implied that it was because of bad trade deals with other nations."We have to make ourselves competitive," Trump said. "Because a lot of these countries that we do business with, they make deals with our president, or whoever, and then they don't adhere to the deals, you know that. And it's much less expensive for their companies to produce products."While the US <a href="http://www.politifact.com/punditfact/statements/2015/apr/23/ed-schultz/msnbcs-schultz-trade-deals-closed-50000-factories/">lost around 71,000 factories between 1993 and 2012</a>, it is unclear if trade agreements were the cause. A 2015 study at Ball State University's Center for Business and Economic Research found that trade accounted for <a href="http://conexus.cberdata.org/files/MfgReality.pdf">just over 13% of American factory job loss</a>. The overwhelming majority of manufacturing job loss could be attributed to "productivity" gains, most likely via automation. Trump concluded: "So I'm going to be studying that very hard, and I think I have a very big voice in it. And I think my voice is listened to, especially by people that don't believe in it. And we'll let you know." <div class="margin-top"> <h3>NOW WATCH: <a href="http://www.businessinsider.com/inside-donald-trump-victory-party-presidential-election-2016-11">What it was really like to be inside Trump's victory party</a></h3> <div> <div> <div class="ooyala-video-player" data-video-autoplay="false" data-video-id="14amdoNzE6oGFLzflqYu9BVFwGTZGwVv" data-player-variable="ooyalapopvideo" id="ooyalaplayer_popvideo" style="width:1280px;height:720px"></div> </div> </div> </div>

Trump: Climate change action depends on 'how much it's going to cost' US companies

<ul class="summary-list"><li>79% of <keyword id="12110853" type="UNKNOWN" weightage="60" keywordseo="executives" source="Orion">executives</keyword> say we're at a tipping point for climate-change response, a Deloitte survey found. </li><li>Executives are well-positioned to advocate for climate-change action. </li></ul>Executives are often the voices of their organization, with the ability to influence their ecosystems and magnify impact beyond their own operations. This makes them inherently well-positioned to lead and advocate for climate-change action. Business leaders have a platform readily available to support their own organizations' <keyword id="12002886" type="UNKNOWN" weightage="60" keywordseo="climate" source="Orion">climate</keyword> transformation efforts, engage their employees in meaningful action, and help further external organizations' steps to fight <keyword id="11896311" type="UNKNOWN" weightage="60" keywordseo="climate-change" source="Orion">climate change</keyword>. When these leaders collectively use their voices, they can effectively collaborate and innovate on <keyword id="11896309" type="UNKNOWN" weightage="100" keywordseo="sustainability" source="Orion">sustainability</keyword> solutions across industries and disciplines.The <a href="https://www2.deloitte.com/global/en/pages/operations/articles/deloitte-cxo-sustainability-report.html?id=gx:2pm:3ad:4cxosurvey2022:GC1000053:6oper:20220118:">2022 Deloitte CxO Sustainability Report: The disconnect between ambition and impact</a>, which polled more than 2,000 C-suite executives across 21 countries, revealed that CxOs — defined as the range of roles across the C-suite — appear to show much higher perception of, exposure to, and concern for climate change than the general public.In fact, 81% of CxOs surveyed said they've been personally affected by climate-change events (e.g., extreme heat, more frequent and powerful storms, flooding), compared to a<a href="https://www2.deloitte.com/global/en/pages/public-sector/articles/the-world-is-ready-for-climate-action.html"> survey</a> of the general public, which found that only 49% reported recently experiencing a climate-related event. This intimate understanding presents leaders with a unique opportunity to share their personal experiences and normalize the view of climate change as a very real and consequential force.Deloitte's research also showed that almost 79% of executives see the world at a tipping point for responding to climate change, but there is a prevailing sense of optimism, as 88% agreed that with immediate action, we can limit the worst impacts of climate change. So how can CxOs become climate changemakers and help tip the scales in favor of our planet's life span?<h2>Clearly communicate the organization's climate change strategy, how it was developed, and why it's the right one for the organization </h2>Communicating the organization's climate strategy to stakeholders — including regulators, shareholders, consumers, and employees — is almost as important as determining which climate actions to take in the first place. And with CxOs reporting feeling increased pressure from these stakeholder groups around climate action, transparency on measuring progress and meeting goals are even more crucial. Leaders should involve and engage the whole ecosystem — suppliers, clients, peers, governments, and more — to collaborate, share leading practices, and inspire greater commitments. They can show how the business's climate strategy is both good for the planet and good for the company with credible action plans that use widely recognized frameworks and include tangible, measurable goals and incentives in the short term to help ensure long-term goals stay on track.<h2>Identify the hierarchy of climate actions that affect the greatest change</h2>Early insights into Deloitte Global's 2022 Millennial and Gen Z Survey show respondents ranked sustainability measures such as reduction of plastics and recycling in the workplace as being most important to them. While these actions are highly visible, they are not the actions that make the most impact. CxOs should amplify communication around the "needle-moving" actions they're deploying that demonstrate they have embedded climate considerations into their culture and have the senior leader buy-in and influence to effect meaningful transformation. <div type="image" title="Kathy Alsegaf, Global Internal Sustainability Leader, Deloitte" height="800" width="800" msid="90232861" hostid="261"></div>The less visible needle-moving actions — such as requiring suppliers and business partners to meet specific sustainability criteria or developing new climate-friendly products or services — are less likely to be widely recognized within an organization. However, CxOs should find a compelling way to communicate these less obvious but highly effective sustainability actions. <h2>Make it personal </h2>Leaders should openly discuss the steps they're taking to protect the environment. Whether it's composting, reducing travel, or eating less meat, leading by example may inspire others to follow suit. Given the number of CxOs who indicated they've been personally impacted by climate change, they can seize the opportunity to share insight into their own experiences, normalize it as an issue impacting people at all levels, and reinforce that no one is immune from the effects of climate change.<h2>Be optimistic but realistic</h2>CxOs need to infuse optimism into workplace culture to catalyze action. While recent reports show the current environment can lead to defeatism and inaction, leaders with a positive mindset will help to motivate employees and challenge the notion that it's too late to make a difference. Clear, authentic, and frequent communication — backed up by real commitment and progress — is central to all four steps in becoming a climate changemaker. CxOs that increase transparency and prioritize climate change by voicing their personal experiences can prove that collective action outweighs inaction, tipping the scales in favor of a more prosperous and prolonged existence for the Earth and its inhabitants. Kathy Alsegaf is the Global Internal Sustainability Leader at Deloitte

4 steps climate-conscious executives can take to become changemakers

<ul><li><keyword id="46425" type="PERSON" weightage="20" keywordseo="Anand-Mahindra">Anand Mahindra</keyword> said that India is not dialing down on its ambitions and is on track to meet the Paris commitment. </li><li>He said the business community recognises this as a big opportunity. </li><li>The Mahindra Group chairman said that India knows that recognising climate change is important for survival. </li></ul>Mahindra &amp; Mahindra has been at the forefront of India’s <keyword id="381751" type="ORGANIZATION" weightage="20" keywordseo="Electric-vehicle">electric vehicle</keyword> revolution, having acquired Reva Electric Car Company back in 2011. Since then, the company has launched many other electric cars for the Indian market - stressing upon <a href="https://www.thehindubusinessline.com/multimedia/video/sustainability-as-a-business-priority-anand-mahindra/article24495693.ece">sustainability</a> as a business priority. Now, at the <keyword id="69007" type="ORGANIZATION" weightage="20" keywordseo="World-Economic-Forum">World Economic Forum</keyword>, the Mahindra Group chairman Anand Mahindra replugged India's commitment to the Paris Agreement. Mahindra added that the India is not dialling down on its ambitions and went on to cite a climate tracker report, which found that in a 32-country survey, only seven are on track to meet the Paris commitment and India is one of them. “The business community too recognises that this is not a problem they are solving alone or something you check on your CSR box. This is the biggest business opportunity for the next few decades,” he said. He reminded the audience at WEF that on behalf of his employees of all the 100 companies from his group had taken a pledge to be carbon neutral 10 years before the agreed deadline for the world in the Paris agreement. The Mahindra Group chairman speaking at a session – <a href="https://www.thehindubusinessline.com/news/science/anand-mahindra-at-wef-india-on-track-to-meet-climate-change-commitments/article26067632.ece">Safeguarding our Planet</a> – was also asked about India’s growing air pollution menace to which he replied that the Indian youth is conscious about this issue. “They know it is their home and not a hotel and no one will be able to check out from here. Everyone’s got that message” he said. See Also: <a href="https://www.businessinsider.in/world-economic-forum-2019-where-raghuram-rajan-says-india-will-be-bigger-than-china/articleshow/67651548.cms">Davos Digest: Raghuram Rajan lifts India's spirit and other stories from the World Economic Forum</a> <a href="https://www.businessinsider.in/why-the-staggering-costs-of-climate-change-on-india-are-much-more-than-monetary-losses/articleshow/66161296.cms">Why the staggering costs of climate change on India are much more than monetary losses</a> <a href="https://www.businessinsider.in/can-latecomer-maruti-suzuki-rev-up-electric-car-sales-in-india/articleshow/67534315.cms">Can latecomer Maruti Suzuki rev up electric car sales in India?</a>

At Davos: India's pioneer electric car maker is pushing for action against climate change

On Indigenous Peoples' day, activists marched in Washington DC demanding action on climate change

<div class="KonaFilter image-container display-table float_right"><div><div class="image"></div></div></div>Taking action on climate change will be helpful, not hurtful, for the economy.
That's according to Environmental Protection Agency (EPA) administrator Gina McCarthy, who spoke in a public forum on September 24, and the results of a number of recent climate reports.
The forum was hosted by <a href="http://www.rff.org/Pages/default.aspx">Resources for the Future</a>, a nonprofit organization that conducts economic and social research on environmental issues. There, McCarthy spoke on the United States' role as a world leader in climate change action and the ways such action will boost the nation's coffers.
"The bottom line is: We don't act despite the economy, we act because of the economy," McCarthy said.
Her speech came just two days after the <a href="http://www.un.org/climatechange/summit/">United Nations' 2014 Climate Change Summit</a>, in which leaders from around the world convened to discuss their progress in cutting emissions, investing in renewable energies, and preserving natural resources, as well as their goals for continuing to address climate change in the future.
There, Pres. Obama described the EPA's proposed <a href="http://www2.epa.gov/carbon-pollution-standards/clean-power-plan-proposed-rule">Clean Power Plan</a>, which will crack down on carbon emissions from energy plants, as well as his newly announced plan to<a href="http://www.whitehouse.gov/the-press-office/2014/09/16/fact-sheet-obama-administration-partners-private-sector-new-commitments-"> slash hydrofluorocarbons</a>, environmentally harmful chemicals that help drive global warming.
McCarthy added at the forum that investment in wind and solar energy creates "thousands of jobs that cannot be shipped overseas," and taking action against climate change will reduce the economic threats inherent in natural disasters, extreme weather events, and other events brought on by global warming.
Some states have expressed concerns that the EPA is asking for too much too soon, particularly when it comes to the Clean Power Plan's state-based emissions reductions proposals. But McCarthy insisted at the forum that the long-term benefits will be well worth the effort.
"Every dollar we invest in the Clean Power Plan will return seven dollars in health benefits," she said. "One dollar to make 7 dollars. In 2030, total climate and health benefits will reach up to 93 billion dollars."
McCarthy cited a number of recent reports touting the economic benefits of addressing climate change, including a report released by an international commission just last week titled"<a href="http://newclimateeconomy.report/">The New Climate Economy</a>," which suggests that efforts to tackle climate change could actually promote economic growth, and a <a href="https://www.cdp.net/CDPResults/CDP-global-cities-report-2014.pdf">new report from the Carbon Disclosure Project</a> proposing that climate change action in cities protects businesses and the capital they generate.
But amidst complaints about the heavy-handedness of the EPA's proposal, others have argued that the US still isn't doing enough of its share. In a statement following Obama's address to the UN Tuesday, environmentalist and 350.org cofounder Bill McKibben said, "Today's boasts about his climate efforts ring hollow in the face of America passing Saudi Arabia and Russia as the world's largest oil and gas producer. We hope that when 'next year' comes and he proposes actual targets, they'll start to reverse the trend."
Still, McCarthy remains optimistic about the US's role in the global effort to fight climate change. "We know a global problem needs a global solution," she said. "Although we can't act for other nations, when the United States of America leads, other nations follow."

EPA Administrator: Acting On Climate Change Will HELP -&#160;Not Hurt - The Economy

AP Images/Paul SakumaOne of President Trump's favorite jewelry companies is calling him out on social media. On Tuesday, Tiffany &amp; Co. posted an Instagram encouraging the president to support the 2015 Paris climate agreement, an international pact to combat global warming."Dear President Trump," the Instagram post reads. "We're still in for bold climate action. Please keep the U.S. in the Paris Climate Agreement. The disaster of climate change is too real, and the threat to our planet and to our children is too great." The company also used its regular ad spot on page A3 of The New York Times, which normally is used to display pricey jewels, send the same message. While many commented on the post to applaud Tiffany for speaking out on the issue, others were unhappy that the company was taking what they saw as an anti-Trump stance. "Here's a fun fact," reads one such comment. "No one cares or wants to know your political opinions!"Tiffany is one of a number of companies,<a href="https://www.ceres.org/news-center/press-releases/major-companies-sign-full-page-ads-urging-president-stay-paris-agreement"> including Apple, Gap, and Facebook,</a> that signed a letter in support of the Paris agreement than ran as a full-page ad in The New York Times on Monday.Astrid Stawiarz/GettyTiffany TrumpTrump <a href="https://www.nytimes.com/2016/10/02/fashion/tiffany-the-other-trump.html">reportedly named his</a> second daughter, Tiffany, after one of his favorite deals in which he bought the air rights above the company's flagship New York City location to build Trump Tower.Sales at the retailer's flagship store, which is next door to Trump Tower, have fallen since Trump's election <a href="http://www.businessinsider.com/tiffany-flagship-store-holiday-sales-fall-trump-tower-security-2017-1">due to traffic disruptions</a> caused by the heavy security surrounding the building. Trump's advisers are<a href="http://www.businessinsider.com/r-epa-chief-says-paris-climate-agreement-bad-deal-for-us-2017-4"> due to meet on Tuesday</a> to discuss if the US will remain committed the Paris climate agreement. Trump said while campaigning that he opposes the agreement and, in April, Scott Pruitt, the head of the Environmental Protection Agency, called the pact<a href="http://www.businessinsider.com/r-epa-chief-says-paris-climate-agreement-bad-deal-for-us-2017-4"> a "bad deal" for the US.</a> <h3>NOW WATCH: <a href="http://www.businessinsider.com/this-32m-dallas-10711-strait-ln-home-has-a-water-park-in-its-backyard-2017-4">This $32 million home has a water park in its backyard</a></h3> Please enable Javascript to watch this video

Tiffany & Co. takes direct aim at Trump in new ad calling for action on climate change

<ul class="summary-list"><li>Artistic directors <keyword id="11234492" type="UNKNOWN" weightage="60" keywordseo="alice-sharp">Alice Sharp</keyword> and <keyword id="11234493" type="UNKNOWN" weightage="60" keywordseo="kasia-molga">Kasia Molga</keyword> discussed how <keyword id="1105" type="PERSON" weightage="60" keywordseo="art">art</keyword> inspires resolute climate action.</li><li>"Art has always been excellent in navigating complexities," Molga said (<keyword id="21654" type="COMPANY" weightage="60" keywordseo="video">video</keyword> above).</li><li>The comments were made during <a href="https://youtu.be/mpE3HfL4IU8">Insider's "Act to Impact" event</a>, presented by Deloitte, on April 20.</li></ul>Art has the opportunity to make challenging topics, such as reports about the <keyword id="6361617" type="UNKNOWN" weightage="60" keywordseo="climate-change">climate change</keyword> crisis, more "emotional" for everyday people, Kasia Molga, an artist and the founder and creative director of art workshop Studio Molga, said during <keyword id="79969" type="ORGANIZATION" weightage="60" keywordseo="insider">Insider</keyword>'s <a href="https://youtu.be/mpE3HfL4IU8">"Act to Impact: Keeping our Promises to the Planet"</a> event on Tuesday.The <a href="https://www.un.org/humansecurity/wp-content/uploads/2017/10/Human-Security-and-Climate-Change-Policy-Brief-1.pdf">United Nations has labeled climate change</a> "one of the most pressing issues of our time." But according to Molga, it may be hard for some people to feel personally impacted by this global issue if they're just reading research and news reports about the topic, which often don't provide an emotional connection to the problem at hand.There is where art can help.Art helps "unpick" dense issues, allowing people to relate to the problem in a "more intimate and emotional matter," Molga said during a session with Alice Sharp, the artistic director of Invisible Dust, which works with artists and scientists to tackle climate change. Molga previously worked with Invisible Dust to create performance art piece "<a href="https://invisibledust.com/projects/human-sensor-ldn">Human Sensor LDN</a>," which combined technology and dance to show pollution levels in London."Art has always been excellent in navigating complexities," Molga said. "It's important for us to feel connected to these issues."The appeal of art then allows it to serve as a "bridge" that connects the climate change crisis with action, according to Sharp."If art is able to be part of the ... shaping of the picture of businesses, governments, and consumers changing, then that to me is a really important role for us," Sharp said.Sharp also believes there's an opportunity to adopt a more positive and hopeful tone regarding climate change."Both the climate crisis and COVID ... could be seen as having negative connotations," Sharp said. "What we can do is look at something really positive, which is living more sustainably and using technology much better."

Art can serve as a 'bridge' that connects climate change with action, artistic director says

<ul class="summary-list"><li>Larry Fink, the CEO of $7 trillion BlackRock, announced on Tuesday that the firm would shift its investment strategy to focus on climate change.</li><li>BlackRock will exit investments with a "high sustainability-related risk" and make sustainability "integral" to its investment portfolios, Fink said. </li><li>The announcement received mixed reactions from climate activists. Some said the move is a "major first step on climate action" but others said that "the world's biggest miners and polluters will not be losing any sleep over this." </li><li>Amazon Watch, an organization that advocates for the Amazon rainforest and the indigenous people who live there, called on BlackRock to do more with its influence - including lobbying for action on climate change directly. </li><li><a href="https://www.businessinsider.com/?hprecirc-bullet">Visit Business Insider's homepage for more stories</a>.</li></ul>The $7 trillion investment firm BlackRock <a href="https://www.businessinsider.com/climate-change-focal-point-of-blackrock-strategy-larry-fink-letter-2020-1" target="_blank" rel="noopener">announced on Tuesday</a> that it would make climate change the focus of how it does business - and it warned governments and other companies that they should as well.But the announcement received mixed reactions from climate activists, who said the move was a promising first step that leaves more to be done.BlackRock CEO Larry Fink said in his <a href="https://www.blackrock.com/corporate/investor-relations/larry-fink-ceo-letter">annual letter</a> - an influential message closely watched by CEOs and finance executives - that his firm would be <a href="https://www.businessinsider.com/climate-change-focal-point-of-blackrock-strategy-larry-fink-letter-2020-1">changing its investment strategy</a> to focus on climate change. BlackRock will exit investments with a "high sustainability-related risk" like thermal coal producers, and make sustainability "integral" to the way it builds investment portfolios, Fink said. Advocates for climate change action like Moira Birss, finance campaign director at <a href="https://amazonwatch.org/" target="_blank" rel="noopener">Amazon Watch</a>, were "pleasantly surprised about the scale of BlackRock's announcement." She told Business Insider that BlackRock's move is a "very important and significant step in the right direction." But, Birss said, "we don't think it's all that needs to be done by any means." Amazon Watch is a part of the "BlackRock's Big Problem" <a href="https://www.blackrocksbigproblem.com/">campaign</a>, along with organizations like the Sierra Club, the Sunrise Project and ShareAction. Birss said BlackRock has not explicitly pledged to stop investing in fossil fuel companies, which she said contribute directly to climate change. She also called on the investment firm to push the agricultural companies it invests in, such as beef producers in Brazil, to operate more sustainably. Birss also said BlackRock should use its resources to lobby directly for climate change and encourage institutions like the Federal Reserve to join organizations such as the <a href="https://www.ngfs.net/en">Network for Greening the Financial System</a>, whose members include the federal banks of Canada, Mexico, Spain and the United Kingdom, among others.While BlackRock's move shows progress, it's a "pretty minor shift" compared to the scale of climate change, Birss said, adding that it "remains to be seen how much action will actually be taken."BlackRock did not immediately respond to a request for comment.<h2>A mixed reaction from activists</h2>Climate-activism organization <a href="https://rebellion.earth/" target="_blank" rel="noopener">Extinction Rebellion</a>, which has protested outside BlackRock's offices in London, went further, saying that Fink's announcement is being "used to distract from the truth." "The world's biggest miners and polluters will not be losing any sleep over this," Extinction Rebellion said in a statement on Tuesday. "BlackRock remains waist-deep in fossil fuel investments and the world's top backer of companies that destroy the Amazon rainforest and ignore the rights of indigenous people." Diana Best, senior strategist at the <a href="https://sunriseproject.org.au/" target="_blank" rel="noopener">Sunrise Project</a>, said the announcement on Tuesday "instantly raises the bar" for BlackRock's competitors and is the result of an "outpouring of pressure from the global climate movement." Sierra Club campaign representative Ben Cushing said the move was a step in the right direction, "but BlackRock will continue to be the world's largest investor in coal, oil, and gas. It is time to turn off the money pipeline to dirty fossil fuels for good." While activists said Fink's announcement leaves a lot to be desired, Axel Pierron, cofounder and managing director at consulting firm Opimas, said the change in strategy is likely to have a large impact on the industry. "The decision by BlackRock to integrate climate change risk into its investment strategy will have a profound impact [on] the evolution of capital markets activities," Pierron said.He added that BlackRock is not the first to make such a shift, as European asset manager Amundi made similar commitments previously, but that BlackRock's announcement is likely to trigger a shift in the industry "along the entire investment management value chain."

'Pleasantly surprised': Activists say BlackRock's climate change strategy is a good first step, but more needs to be done

Prime Minister <keyword id="6354477" type="PERSON" weightage="20" keywordseo="Narendra-Modi">Narendra Modi</keyword> on Monday told the United Nations that Indias policy on climate change action has been guided by the principle of "need, not greed", and that New Delhi is looking to increase its renewable energy target to 450 GW from the present 175 GW by 2022. The Prime Minister, while addressing the high-level Climate Action Summit hosted by UN Secretary General Antonio Guterres in the UN General Assembly chamber here, also said that not enough is being done to combat climate change and that a world-wide "jan andolan" (mass movement) on behavioural change is required to tackle the issue. "Need, not greed, has been our guiding principle, and that is why India has not come only to speak but with a roadmap on combating climate change. We believe that an ounce of practice is worth more than a tonne of preaching," Modi said while addressing the gathering in Hindi. He said that India is also looking to take forward its capacity in non-fossil fuel, which stands at 175 GW at present, to 450 GW by 2022. He said that on this year's Independence Day (August 15), India had called for a "jan andolan" for freedom from single use plastic. "We hope that this will raise awareness against the usage of single use plastic," he said. "Not enough is being done to combat climate change. We need a comprehensive approach through education, values, life style approach and behavioural change, which should be turned into a mass movement," he said. "We believe that an ounce of practice is worth more than a tonne of preaching," Modi added. The Prime Minister said that in India, e-mobility and bio fuel mixture in petrol are being encouraged, while clean cooking gas has been provided to 150 million families. He also said that water conservation and rain water harvesting have begun in India under the Mission Jal Jeevan. "We are going to spend $50 billion on this in the next few years," he said. Modi said that 80 countries are part of the International Solar Alliance. "I am happy that India and Sweden, along with other parties, are launching the Industry Transition Tract leadership group. This is for creating low carbon pathways for industries," Modi said. Stating that a Coalition for Disaster Resistant Infrastructure is being initiated, Modi said, "I urge all the countries to join in." He also said that India will inaugurate solar panels in the UN General Assembly. "The time for talking is over, the world needs to act now," he said.

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You Searched For "climate change action" and got 13 results

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