DISCUSSION: Over the last several years and decades, there have been increasingly larger concerns about the degree to which and rate at which planet Earth is warming. Among the primary causes of this more contemporary period of global warming is the fact that mankind has continued to amplify the use of fossil fuel resources such as (but certainly not limited to petroleum, gasoline, coal, etc.) which has further contaminated the global atmosphere. The issue with this is the fact that such fossil fuel resources act to also further amplify the impact of the greenhouse effect which has the direct consequence of warming the planet via globally increasing carbon emissions. Thus, it goes without saying that the prospect of continuing to utilize fossil fuel resources is a very concerning one based on the high-level impacts the world has already observed in recent months, years, decades, and more.
In spite of the contemporary use of fossil fuel resources, there is plenty of good news on the horizon. Recently, as of very late February, a large Italian insurance company announced an exciting regional and global connection initiative for lowering its net carbon emissions. Attached below is an exact excerpt from the Italian insurance company which is called the "Generali Group."
"Generali, a major player in the global insurance industry, has announced it will divest €2 billion from coal, adding further momentum to the global movement of companies and pension funds to shift assets towards low carbon.
Leaving the bulk of global fossil fuel reserves in the ground is crucial in order to achieve the central goal of the Paris Climate Change Agreement, which is to limit the global temperature rise this century to well below 2 degrees Celsius compared to pre-industrial levels and to pursue efforts to limit the temperature increase even further to 1.5 degrees Celsius.
The Generali Group has been a staunch supporter of climate action for a number of years. At the UN Climate Change Conference in Paris (COP 21), where the Paris Climate Change Agreement was clinched, Generali joined the Paris Pledge for Action.
The company aims to increase its exposure to green businesses and gradually divest from coal-related companies, committing to the following actions:
To learn more about the more detailed official statement released by the Generali Group, click on the following link.
To learn more about other global environmental topics, be sure to click here!
© 2018 Meteorologist Jordan Rabinowitz