The UC milestone capped a five-year effort to move the public research university system’s $126-billion portfolio into more environmentally sustainable investments. UC officials say their strategy is grounded in concerns about the planet’s future and in what makes financial sense.
The initiative, known as the Great Green Wall, aims to reclaim 247 million acres of land by the year 2030 and create hundreds of thousands of jobs, while warding off the spread of the Sahara and combating the climate crisis.
According to a new report from Moody’s, India will likely see the share of non-fossil fuel power generation capacity to 45% by 2022 against a commitment of 40% by the same year.
The World Bank has announced a 10-year Global Sustainable Development bond on May 16. The investment goal of ¬1.5 billion was significantly oversubscribed, reaching ¬2 billion from 69 investors.