By Bob Berwyn, Inside Climate News
Compared with cutting fossil fuels, tree planting would play only a small role in combating the climate crisis. And while trees might help the planet survive in the long run, scientists say, first we have to save them. Global warming is a threat-multiplier for drought, fires and pests that have killed trees across millions of acres in the last 20 years. And forests all over the world are already in the full grip of the climate crisis, said University of Arizona ecohydrologist David Breshears. Read more here.
Photo Credit: Alex Torrenegra/Flickr
MORE CLIMATE ACTION NEWS
- Florida children’s climate lawsuit against state leaders set for key hearing Monday, Tampa Bay Times. The argument hinges on a fresh interpretation of the Constitution. Seattle lawyer Andrea Rodgers said a key part is asking the court to recognize that air — much like certain sections of shoreline — falls under the public trust doctrine, meaning it belongs to the people and elected leaders should protect and preserve it for the public good.
- North Carolina confronts climate change with forthcoming resilience plan, Environmental Defense Fund
- Big Oil Loses Appeal, Climate Suits Go to California Courts, Claims Journal
- BlackRock pushes U.S. oil majors harder on climate change efforts, Axios
Investment behemoth BlackRock is using its shares to push U.S. oil majors harder on climate, efforts that come months after BlackRock joined the advocacy group Climate Action 100+ and announced a new sustainability strategy.
- BlackRock joins Climate Action 100+ to ensure largest corporate emitters act on climate crisis, Climate Action 100+ News Release. With the addition of the world’s largest asset manager, with more than $6.8 trillion USD in assets under management, Climate Action 100+ continues to grow in size and influence. BlackRock joins more than 370 global investors already participating in the initiative. The addition of funds it manages, brings total assets under management represented by investors participating in Climate Action 100+ to more than $41 trillion.
- BlackRock Sends Huge Warning Shot at Companies Ignoring Climate Risk, Greentech Media. In a move that will resound across the world of energy investing, BlackRock, the world’s largest asset manager, this week warned of a “fundamental reshaping of finance” as the impacts of climate change become better understood. BlackRock CEO Larry Fink said in an open letter that his company will end support for thermal coal, screen fossil fuel investments more closely, and redesign its own investment approach to put sustainability at its core.
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RENEWABLE ENERGY INVESTMENT ATTRACTIVENESS INDEX
USA Is #1 In The World For Renewable Energy Investment Attractiveness, CleanTechnica
Since 2003, the biannual Renewable Energy Country Attractiveness Index (RECAI) has ranked the top 40 countries based on investment in renewable energy, a key part of the energy transition.
In a March article, After the age of contagion, what’s the ‘new normal’?, Joel Makower, Chairman & Executive Editor of the GreenBiz Group, spells out the massive benefits of America’s transition to a green economy, with clean and renewable energy, regenerative farming, climate action, carbon reduction and other opportunities at its core:
We at GreenBiz have reported on a spate of studies and plans that similarly align sustainability with large-scale economic development: the circular economy (a $2 trillion opportunity), carbon tech (a trillion-dollar opportunity), sustainable food and land systems ($4.5 trillion) low-carbon cities ($24 trillion), climate action ($26 trillion) and more. As I noted last fall, trillion is the new billion. And then there’s the Green New Deal, a concept that seems to have been rekindled in the age of contagion.