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Tuesday, 5 September 2017

Climate Change Daily Vid Sept 5 2017: Cape Town becomes the first city in Africa to commit to divest from fossil fuels

HOORAY! Cape Town becomes the first city in Africa to commit to divest from fossil fuels



City commences investor road show to promote inaugural R1 billion green bond

I am taking this a step further and I have informed our Finance Directorate that we are going to divest from fossil fuel assets and companies in favour of greener and cleaner investments which are in line with our vision of a sustainable future. We are going to instruct investors looking after our money not to put our money into fossil fuel-related companies or for it to be used to fund the development of dirty and unsustainable projects. We want our investments to be aligned with our principles of resilience and sustainability.

Statement by the City's Executive Mayor, Patricia de Lille City of Cape Town
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Lord Nicholas Stern

Today’s young people can and should hold their parents’ generation to account for their present actions. They can elicit an emotional response that can motivate action. If thinking about the lives of unborn future generations seems too abstract to motivate you to act, try instead looking a young child or grandchild in the eye and asking yourself what sort of future you are leaving for them. There is something that, on reflection, many adults would surely find repugnant in the idea that they will leave their children a damaged planet that will radically affect their life possibilities. Lord Nicholas Stern

Kiribati President Anote Tong

"…I remember I had been trying to convince him to visit Kiribati and he did in 2011. He came to Kiribati and I remember he went to visit one of these communities that was flooded every time there is very high tides and there was this young boy who stepped up to the Secretary General and said Mr. Secretary General, you are a very important man you know, is there something that you can do to ensure I will have a future, that I will have a home. And the Secretary General came back and he said Mr. President I have been listening to you at the General Assembly but I never truly understood what it was you trying to communicate but now I do and I feel and I understand I would do everything that I can”