Blog Archive: December 2016 - Bright Now

13

Dec

2016

Global fossil fuel divestment commitments double to more than $5 trillion in a year

On Monday 12 December, a year on from the Paris Agreement, it was revealed that the divestment movement has doubled in size since September 2015.

The newly published Divest-Invest report shows that global divestment commitments have been made by 688 institutions across 76 countries, reaching an incredible $5.2 trillion of assets under management. Furthermore, asset managers controlling $1.3 trillion – a quarter of the total – have committed to increasing their investments in clean energy to speed up the transition to a low-carbon economy. Read more