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COP29 14 November - #MoveTheMoney to Fossil Free Banks

The International Energy Agency, IEA, calculates that investments in clean energy need to triple to $4.5 trillion annually by 2030. We have this money, but we are currently investing it in problems instead of solutions. The world spent $7 trillion subsidizing fossil fuels in 2022 alone. At the same time, pension funds and other institutional investors hold investments in fossil fuels totaling $3.03 trillion. How can we shift these investments from supporting problems to financing solutions in time and at scale? How can banks and other financial institutions rid themselves of oil, coal and gas and offer fossil-free banking? This session builds on the impactful global Move the Money campaign, launched by We Don’t Have Time together with the United Nations Development Programme, UNDP, Exponential Roadmap Initiative, and the Fossil Fuel Non-Proliferation Treaty. Speakers: Ivan Frishberg, Chief Sustainability Officer, Amalgamated Bank Jacco Minnaar, Chief Commercial Officer, Triodos Bank Anderson Lee, Research Associate, World Resources Institute Eriel Tchekwie Deranger, Executive Director, Indigenous Climate Action ‍ Organizers: We Don't Have Time Global Alliance for Banking on Values
https://youtu.be/vbrRyORScsU



Follow all sessions on
https://www.wedonthavetime.org/events/cop29



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    We Don’t Have Time is the world’s largest media platform for climate action – with a mission to democratize knowledge about climate solutions and inspire and mobilize global action toward a prosperous, fossil-free future. The content of the We Don't Have Time social network is user-generated. The We Don’t Have Time organization does not automatically endorse users’ opinions and claims. All users of We Don’t Have Time have subscribed to We Don’t Have Time’s Terms of Use, which, among other things, prohibits hateful, abusive, and violent content. If you discover content that violates our Terms of Use, please notify us immediately. The platform is operated by the company WeDontHaveTime AB (publ), whose majority shareholder is the WeDontHaveTime Foundation. The Foundation’s principal purpose is to contribute to a reduced climate impact and an ecologically sustainable environment. Our headquarters is located in Stockholm, Sweden.

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