- February 26, 2014
- Mayors Innovation Project
There is a growing toolbox of measures cities can take to combat climate change. One of these tools, divestment from fossil fuels, is ethical, viable, and a moral imperative. Divestment is strengthened when the funds divested are redirected to climate-positive projects. Divestment and re-investment help reduce the carbon risks of cities. Taking inventory of what funds the city has control over and identifying which ones are invested
in fossil fuel industries is the first step and an easy hurdle. There are a couple ways fund managers and cities can re-invest these funds to help balance out their portfolios.