How to shift your city’s investments from fossil fuels to climate solutions

This article discusses on how cities are adopting improved financial strategies by reallocating investments from high-emission sectors, like fossil fuels, to clean energy and climate-friendly industries. This shift not only aligns with climate goals but is also financially beneficial, as fossil fuel investments are becoming riskier while cleaner portfolios have shown better returns.  The article provides guidance on how cities can initiate this transition to manage financial risks and seize opportunities in the low-carbon economy.

Key considerations for cities:

• Make a public commitment to divest from fossil fuels and scale up investment in sustainable solutions
• Shift municipal assets and investments from fossil fuels to sustainable solutions
• Engage city pension funds and other investors
• Work with advocacy groups and other stakeholders to build momentum and communicate progress

Abstract based on original source.