Todays blog post regards one of the solutions to global warming; namely divestment. You might have come by the term before, the definition of 'divestment' according to Wikipedia is 'In finance and economics, divestment or divestiture is the reduction of some kind of asset for financial, ethical, or political objectives or sale of an existing business by a firm. A divestment is the opposite of an investment.' Still unsure what divestment means? The Guardian states it like this: 'Divestment is the opposite of investment – it is the removal of your investment capital from stocks, bonds or funds. The global movement for fossil fuel divestment (sometimes also called disinvestment) is asking institutions to move their money out of oil, coal and gas companies for both moral and financial reasons. These institutions include ' at https://www.theguardian.com/environment/2015/jun/23/a-beginners-guide-to-fossil-fuel-divestment
The divestment that is relevant in terms of global warming is the divestment from the fossile fuels industry. This excellent video by European Greens illustrate how divestment works https://www.youtube.com/watch?v=MOkGdXuhKLo (2,49 min)
It has previously been a massive problem at COP that the fossile fuel industry have such a strong hold over so many nations, and even at the COP itself. But by divesting, the industry does not get to dictate the terms to such a degree that they have done in the past over the future of the climate.
There are several organisation that works on the divestment part of the climate solutions. If you are interested in learning more, I can recommend the following sites:
Go Fossile Free http://gofossilfree.org/what-is-fossil-fuel-divestment/
Divest Invest http://divestinvest.org
Thank you for reading.