Blackrock s working with Germany and France on creating "environmental funds." And the trillions of dollars that Blackrock manages will be invested in "clean" projects.
The world economy produces wealth… as well as copious amounts of greenhouse gases, rising inequality and a devastating loss of biodiversity. Corporations now suddenly promise to fix all this. But will they really?
The world's largest asset manager will begin to divest holdings in companies that focus on coal production. "We are on the brink of a fundamental re-shaping of finance," the CEO announced.
No, this year's gathering of the World Economic Forum in Davos was not like any other, says DW's Manuela Kasper-Claridge. She's seen business leaders heeding the call for a radical shift toward sustainability.
More snow cannons, lifts and cable cars: Many ski resorts are upgrading their facilities to combat climate change, despite criticism from environmentalists. Others are focusing on a more gentle form of winter tourism.
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