The focus of the challenge is directed towards governments which have not been taking climate seriously. As a result, last week our parliament declared a climate emergency - the first country in the world to do so! It's not so clear what action this declaration will bring about but there can be little doubt that there will be some big changes to come.
The levels of CO2 in the atmosphere is measure and currently stands at 415 parts per million (ppm) which is the highest concentration for the past 3 million years. The average over the past 500,000 years has been 260ppm. When I was born in the 1950s it was 310ppm and the global population was 2.5 billion.
The more pressure from concerned investors, the more they are likely to act so if you are one of the investors who would like to see more ESG options from Vanguard, please email : email@example.com
I am obviously concerned for our future as I have children and five young grandchildren under the age of 10. However, I see the tide is turning and that people in positions of power seem to get the message and that's encouraging. I remain optimistic that we can rise to the challenges ahead. I am sure that as the catastrophic consequences of 'business as usual' become clearer to more and more people, they will change their lifestyles and demand action from politicians, policy makers and businesses...and maybe fund managers!
We have caused the problem and we now need to get it sorted as a matter of urgency...more and more rational people understand it's simply the right thing to do.