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Pension funds urged to help UK reach net zero climate goals

Campaigners say many investments still high carbon and call on firms to sign green pensions charter

Letter: UK companies must commit to green pensions

Pension funds must set a target of net zero emissions for their investments if the UK is to meet its climate goals, influential figures in climate activism have urged.

Many people are unaware of whether their pensions funds are invested in fossil fuels or high-carbon activities, and even companies that have publicly committed to reaching net zero emissions may have pension fund investments that are still wedded to high-carbon businesses.

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UK companies must commit to green pensions | Letter

Money invested in pensions should support a clean, sustainable transition to a net zero world, write Christiana Figueres, Nigel Topping, Richard Curtis and Amanda Mackenzie

Across the country, many leading companies are tackling climate change by reducing emissions and setting ambitious net zero targets by joining the #RaceToZero, but too often they ignore one of the most powerful tools at their disposal – pensions.

This is a critical year for the UK as it hosts Cop26, the most important global climate summit in decades. With consumer interest rising and green investments experiencing record growth, this is a unique opportunity for Britain to showcase how our financial system can be leveraged to tackle climate change on the global stage.

Related: Pension funds urged to help UK reach net zero climate goals

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Red Cross calls for UK to tackle inequalities exposed by Covid

Survey finds three-quarters of adults in Britain concerned about the impact of next health emergency

Major changes are needed to protect the most vulnerable people from the next global emergency, according to a report from the Red Cross that says three-quarters of people in the UK are worried about the next potential pandemic.

A survey for the charity found that 75% of people were concerned about the global impact of a future health emergency such as a pandemic, 71% about the impact of a personal health crisis, and 61% that climate change would have an impact on their lives. Three-quarters (76%) said the UK must address underlying inequalities exposed by Covid.

Gaps in health and social care to be eliminated

Key humanitarian needs to be met in emergencies.

Local welfare assistance schemes to use a cash-first approach to help ensure people facing serious financial hardship can afford essentials such as food, toiletries and warm clothes.

The provision of safe and legal routes for people seeking asylum and the right for all to a safe home and freedom from destitution.

International law to be upheld, and principled humanitarian action. It says the UK should ensure that those most in need are put first.

Opinium carried out the research for the report, interviewing 2,003 UK adults aged 18 and over between 27 and 29 April 2021.

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Coalition allocates $600m for new ‘resilience’ agency to help combat threat of natural disasters

National agency will fund projects such as bushfire and cyclone-proofing houses and building levees to try and control floods

The Morrison government will use next week’s budget to establish a national recovery and resilience agency and create a new climate service to help manage the risk of natural disasters.

The government will allocate $600m to the agency to fund resilience projects such as bushfire and cyclone-proofing houses, building levees for flood control, and improving the resilience of telecommunications and essential supplies.

Related: Head of NDIS grilled on ‘insulting’ disability assessment questions, including about sex

Related: Scott Morrison lectured the states against snap border closures – now he's done exactly that | Katharine Murphy

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‘Decades ahead of his time’: history catches up with visionary Jimmy Carter

A new film rejects the popular narrative and recasts the former president, 96, as hugely prescient thinker, particularly on climate change

When I reach Jimmy Carter’s grandson by Zoom, he answers wearing a Raphael Warnock campaign T-shirt. Jason Carter is a lawyer and politician himself, mid-40s, animated and well-read, with blue eyes reminiscent of his grandfather’s. He’s just got off the phone with his 93-year-old grandmother, Rosalynn. It’s a special day; Joe Biden is on his way to the Carter house in Plains, Georgia.

“My grandfather has met nearly everyone in the world he might want to,” Jason Carter says. “Right now, he’s meeting with the president of the United States. But the person he’d say he learned the most from was Rachel Clark, an illiterate sharecropper who lived on his family’s farm.

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Australian super funds to vote against company directors not tackling climate crisis

Businesses must adopt Paris emissions targets even if the government fails to do so, big investors say

Big super funds have threatened to vote against company directors who do not make sure their businesses are committed to action on global heating that includes hitting net zero by 2050.

The Australian Council of Superannuation Investors (Acsi), which represents investors that manage more than $1tn in retirement savings and hold about 10% of the shares in the top 200 companies in the country, said some boards were not tackling the climate crisis quickly enough.

Related: Australia left behind as wealthy G20 nations pledge emissions cuts

Related: The US climate target blows Australia's out of the water | Frank Jotzo

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The Guardian view on Biden’s green revolution: it needs revolutionaries | Editorial

The climate emergency should not be used to make poorer countries dependent on private finance

On the campaign trail, Joe Biden made it clear that the environment would be at the heart of his economic agenda. In office, he has been true to his word by proposing fiscal and regulatory action to limit the damage from the climate emergency, while simultaneously addressing the inequalities that distort the US economy. No president has so fully embraced tackling the climate emergency. Republicans think it’s too hard a hug, while some Democrats think Mr Biden ought to hug harder. But the world should breathe a sigh of relief, especially after the climate denialism of the Trump administration.

President Biden’s green shift is both welcome and in tune with US public opinion. What is disappointing is that while he wants to deploy the power of the state at home, his administration wants markets to do the heavy lifting abroad. The climate emergency should not be used to make poorer countries dependent on private finance. Richer countries ought to provide enough no-strings cash to allow developing nations to gain the institutional capacity to sustain their own patterns of carbon-neutral consumption and investment. The US will double public climate finance to developing countries to $6bn a year. This is just a sliver of Mr Biden’s $2.25tn green jobs plan. Developing countries have no votes in the US Congress. But it is morally wrong for them to be collateral damage.

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UK replaces France as Europe’s second largest electric car market

About 31,800 battery electric cars were sold in Britain in first three months of 2021

The UK overtook France to become Europe’s second largest electric car market in the first quarter of the year, amid rising demand for cars with zero exhaust emissions.

About 31,800 battery electric cars were sold in the UK in the first three months of the year, compared with 30,500 in France, according to analysis by Matthias Schmidt, an independent automotive analyst.

Related: Chinese firms prepare to charge into Europe’s electric car market

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New Architects 4: young hotshots raise their sights

The latest survey of the UK’s top emerging practices reveals plenty of style and wit alongside a desire to prioritise diversity, the climate crisis and housing shortages over wealthy clients…

“I am a poster child,” says David Ogunmuyiwa, “for what you get if you invest in people’s education, healthcare and homes.” The son of immigrants, he grew up on the Aylesbury estate in south London, the often-vilified place that Tony Blair visited on the morning after his first election as prime minister, as the exemplar of the kind of blighted Britain that he was going to fix. But Ogunmuyiwa, inspired by seeing Richard Rogers’s Lloyd’s building across the river from his school, knew that he wanted to be an architect. Which, as the founder of the practice Architecture Doing Place, he now is.

“There are hundreds of me,” he continues, so he questions why he sees so few people like himself in his profession. He criticises the London borough of Hackney, which has a well-respected programme of building housing, but which in one of the most diverse areas of the country “has not employed anyone who looks like Stephen Lawrence” to design them (the particular significance of the murdered black teenager is that he was planning to become an architect at the time of his death in 1993).

New Architects 4, £30, is available from the Architecture Foundation

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Going vegan: can switching to a plant-based diet really save the planet?

If politicians are serious about change, they need to incentivise it, say scientists and writers

The UK business secretary, Kwasi Kwarteng, is considering a “full vegan diet” to help tackle climate change, saying people will need to make lifestyle changes if the government is to meet its new emissions target of a 78% reduction on 1990 levels by 2035.

But how much difference would it make if everyone turned to a plant-based diet? Experts say changing the way we eat is necessary for the future of the planet but that government policy is needed alongside this. If politicians are serious about wanting dietary changes, they also need to incentivise it, scientists and writers add.

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