Today’s Solutions: August 16, 2022

Investing in green initiatives could accelerate an economic recovery from the Covid-19 pandemic, but if the federal government isn’t willing to divest from fossil fuels, then it’s up to local governments to do so. Recently, mayors of 12 major cities signed C40’s “Divesting from Fossil Fuels, Investing in a Sustainable Future” declaration

The declaration cites fossil fuel dependence as the leading cause of the climate crisis and urges cities, pension funds, and investors to break away from a fossil fuel economy and transition to a more resilient, sustainable economy through green investments. 

“We’re in a make-or-break decade for the preservation of our planet and our livelihoods, and C40 Cities are leading the transition to a society and economy that don’t rely on dirty fossil fuels,” said Eric Garcetti, Mayor of Los Angeles.

The declaration was initially signed by the mayors of Berlin, Bristol, Cape Town, Durban, London, Los Angeles, Milan, New Orleans, New York City, Oslo, Pittsburgh, and Vancouver. Together the cities represent more than 36 million residents. 

As a part of the declaration, the coalition of mayors pledge to advocate for sustainable, fossil-free finance by other investors and all levels of government, calling for ambitious, long-term climate policies and increased transparency. The mayors will also call on their pension funds to divest from fossil fuels and instead make investments into climate solutions that are more sustainable and promote resiliency. 

Solutions News Source Print this article
More of Today's Solutions

Mathematicians can make traffic jams history—all we have to do is listen to them

It may be difficult to find things that we all agree on—but we’re confident that everyone will agree on this: traffic jams suck! What makes traffic even more irritating is that, according to traffic flow ... Read More

Breathe more through your nose to help your immune system

We decided to dust off this older story with a great solution.  We all want to strengthen our immunity, and while diet and exercise are a big part of that, there is another thing you ... Read More

What is the “motherhood penalty” and how can we get rid of it?

When discussing the gender pay gap, the idea that women take more time off after the birth of the child tends to come up. But what’s left out of the conversation is the way that ... Read More

Tips for navigating boundaries with unvaccinated friends and family

Not everyone is comfortable with getting vaccinated against Covid-19... and chances are, someone in your family or social circle has chosen not to take the shot. While this is their personal choice, it can make ... Read More