The Net Zero Asset Owner Alliance (NZAOA) said on Tuesday that nearly two thirds of its members had set short-term goals to cut portfolio emissions in line with capping global warming at 1.5 degrees Celsius as 'the clock is ticking' on climate change.
Steam rises from the Niederaussem lignite power plant, in Niederaussem, Germany, January 16, 2020. REUTERS/Wolfgang Rattay/File PhotoSept 20 - The Net Zero Asset Owner Alliance said on Tuesday that nearly two thirds of its members had set short-term goals to cut portfolio emissions in line with capping global warming at 1.5 degrees Celsius as "the clock is ticking" on climate change.
While all have committed to do so by 2050, the group is increasingly asking them to implement shorter-term objectives."We have the requirement that every new joiner must within a year set these interim targets," Günther Thallinger, chair of the Alliance, told Reuters. "Much still remains to be done," the group wrote as it aims to grow to 200 members, or to $25 trillion in assets by 2025.
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