on divestment movements, which finds strong political effects of divestment, recommends divestment campaigners “understand that the direct impacts are likely to be minimal.”
Even if divestment did financially harm companies that would be woefully inadequate to address climate change. We cannot wait for economic pressure to make new fossil fuel projects unprofitable—governments can. We need government incentives and mandates for building electrification and electric vehicle use. To grow clean energy requires government tax credits, subsidies, and renewable portfolio standards. It will take government policies to ensure all this happens in a just and equitable way.
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Source: cleantechnica - 🏆 565. / 51 Read more »