UN Joins Faith-Based Initiative For Shift Towards Climate-Responsible Finance

The UN Environment Programme (UNEP) joined religious leaders and others on Monday in signing a landmark joint appeal for climate-responsible finance “as a moral imperative towards children.” The World Council of Churches, UNEP, Muslim Council of Elders, and NY Board of Rabbis have all signed the Climate-Responsible Finance – A moral imperative and responsibility to all children and the living world. The signatories also agreed to review their “pension, banking, insurance and other financial service arrangements to ensure evidence-based accountability.” Secretary-General António Guterres welcomed the initiative, saying that “for too long, the financial services sector has enabled the world’s fossil fuel addiction.” “It is now time for financial service providers to accelerate the shift to renewables. They have the power – and the responsibility.”

By UN News. May 9, 2022.

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