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Resource Resilience: How To Break The Commodities Cycle, Lisa E. Sachs, Nicolas Maennling
Resource Resilience: How To Break The Commodities Cycle, Lisa E. Sachs, Nicolas Maennling
Columbia Center on Sustainable Investment Staff Publications
The past year has seen dramatic declines in the prices of global commodities. Between June 2014 and the beginning of this year, crude oil prices fell by 50 percent to around $50 a barrel. Similarly, mineral prices have seen a drastic fall since the peak of the “commodity supercycle” in early 2011. Between then and April of this year, iron ore prices fell by 70 percent, coal prices by 54 percent and copper prices by 40 percent.
The Responsible Investor’S Guide To Climate Change, Jeffrey D. Sachs, Lisa E. Sachs
The Responsible Investor’S Guide To Climate Change, Jeffrey D. Sachs, Lisa E. Sachs
Columbia Center on Sustainable Investment Staff Publications
Around the world, institutional investors – including pension funds, insurance companies, philanthropic endowments, and universities – are grappling with the question of whether to divest from oil, gas, and coal companies. The reason, of course, is climate change: unless fossil-fuel consumption is cut sharply – and phased out entirely by around 2070, in favor of zero-carbon energy such as solar power – the world will suffer unacceptable risks from human-induced global warming. How should responsible investors behave in the face of these unprecedented risks?