Discover and read the best of Twitter Threads about #endfossilfinance

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++AZIONE AL PARLAMENTO EUROPEO PER FERMARE LA #FINANZAFOSSILE++

Ma cosa propone la campagna #OneForOne?

Un 🧵
Uno dei parametri più considerati dagli investitori è il risk-return ratio: ovvero la proporzione tra il potenziale ricavo è il rischio che esso comporta.

Risk-Return Ratio di 1:5 = stai rischiando 1€ per potenzialmente ricavarne 5€
I combustibili fossili sono stati finora un investimento a ricavo altissimo proprio perché avevano un enorme ricavo rispetto ai rischi. Ma la situazione è cambiata: @IEA stima che al 2030 *90mld* di asset fossili diventeranno *stranded* (=deprezzamento anticipato del valore)
Read 8 tweets
The International Energy Agency’s annual World Energy Outlook 2021 (WEO2021) report is out today. Kudos to IEA for making it available free of charge this year (We hope they also do this for their energy data as well). Read on for some key takeaways! 👇#WEO2021
IEA’s report states that current “pledges cover less than 20% of the gap in emissions reductions that need to be closed by 2030 to keep a 1.5 °C path within reach.”  #WEO2021
It also states that the global average temperature rise in 2100 is held to around 2.1 °C above pre-industrial levels with no stabilization by 2100 under current pledges 🌡️ - though this is with some dubious policy choices such as overdependence on technologies like CCS. #WEO2021
Read 14 tweets
Did you catch @BillMcKibben’s article in the @NewYorker last week?

TL;DR? No worries, we summed it up for you. [IN THREAD]

Hint: It’s about the ONE thing we can do to hit the fossil fuel industry where it hurts 🤑

newyorker.com/news/daily-com… #fossilfinance
@billmckibben @NewYorker "This spring, we set another high mark for carbon dioxide in the atmosphere: 415 parts per million, higher than it has been in many millions of years."
🔥🔥🔥
"The summer began with the hottest June ever recorded, and then July became the hottest month ever recorded."
@billmckibben @NewYorker But there’s good news, too: as more and more people are joining in the fight. (See @GretaThunberg, @ExtinctionR and more!)

“The question is, what levers can we pull that might possibly create change within the time that we need it to happen?” Hint: it’s 💰💰💰

#fossilfinance
Read 11 tweets

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