Less than 1pc fund assets Paris climate goal compliant

Only 158 investment funds with just 0.5 percent of assets under management are currently in line with Paris accord goals of limiting the increase in global temperatures, according to a study released yesterday. The non-profit Carbon Disclosure Project (CDP) analysed over 16,500 investment funds with $27 trillion in assets, but found that over 60 percent of assets are aligned with global warming of 2.75 degrees Celsius.