Randeep Somel, manager of the M&G Climate Solutions Fund (pictured), on the IPCC report released today:
“The conclusion from Intergovernmental Panel on Climate Change report and the required actions could not be clearer. Countries need to transition to a net zero emissions framework much sooner.
“We have the climate solution tools available to us whether it be the transition to renewable energy, adoption of electric vehicles, improving building efficiency, increasing levels of recycling and the incorporation of greener technology for industrial processes. This report should hopefully be a stark reminder to all the leaseholders of our planet, be they consumers, industry or governments, that action needs to be taken sooner, and that we all have our part to play.
“As investors, we need to continue pushing companies to adopt science based targets for their own emissions. We need to encourage highly pollutive companies to transition their business models to more sustainable paths, and we also need to channel capital to those companies that are researching and providing the climate solution tools that we all need to adopt.”
