Four years ago today, the UN released its ‘Special Report on Global Warming of 1.5C’. The report made headlines around the world, as it outlined how we have to cut global emissions in half by 2030 if we are to keep global warming below 1.5°C ― a point of warming beyond which countless millions more people will experience extreme heat, drought, floods, storms, and food insecurity.
Since the report was released in 2018, one-third of the time until 2030 has passed us by. And yet, global emissions are barely lower than they were in 2018. By some estimates, they are higher.
Send an email to the top executives at the largest banks, insurance companies and investors in the country and make it clear: we are running out of time to address the climate crisis. Your email will go directly into the inboxes of top decision makers at the companies bankrolling climate chaos.
There are several reasons why the world is failing to slash emissions in line with what science and justice demand. But a major one is that Wall Street continues to bankroll the expansion of the fossil fuel industry ― and to seriously under-fund the renewable sector.
If US banks, insurers and investors made addressing the climate crisis a priority, it would immediately change the playing field on which the climate fight is playing out. Fossil fuel companies would struggle to fund and insure (and, ultimately build) their new projects.
If Wall Street decided to prioritize renewables and climate solutions for low-cost loans and financing, it would make the massive scaling up of renewables that we need to see that much easier.
Send the country’s top financial companies a message: there is no more room for delay, we need action at the scale of the crisis, today.
Four years ago today, much of the world woke up to the necessity of limiting global warming to 1.5 degrees. But Wall Street is still sleepwalking us into a climate disaster.
Together, we need to wake them up.
In Solidarity,
– the Stop the Money Pipeline team
