News Archives » cardinal turkson
Faith groups are mobilizing on climate change, seeing it as an existential threat to creation. Pope Francis will issue a papal encyclical on the environment this summer, which is expected to highlight both the need to reduce man-made carbon emissions, and for wealthy countries to help poorer nations deal with it, as they have done little to create the problem.
Meanwhile, the Church of England is putting its pounds and pence where its mouth is: The body that administers the worldwide Anglican Communion last week announced it is divesting from thermal coal and tar sands.
Islamic finance has played a major role in clean energy investment so far this decade.
Divestment from these most carbon intensive forms of energy is also good financial management. With pressure growing both from businesses concerned about how to operate in a world disrupted by climate change, and increasingly vocal popular movements, a price on carbon to discourage its use, is becoming more likely. Alongside this is the fact that renewable forms of energy – wind, solar, geothermal, and the like, are increasingly cost competitive. If the damages to health and the climate were factored into the price of carbon fuels, renewables would already be a clear winner.
Click here to read more »