Decarbonisation Financial News

The fund’s investment universe will span Thematics AM’s five strategies – namely AI and robotics, safety, the subscription economy, water and wellness – with a portfolio of 40-60 holdings.

Nicolas Trindade, who currently manages £2bn in global and sterling liquid short-dated fixed income strategies for the firm, will be the lead portfolio manager of the fund.

Mark Carney (pictured) is the co-chair of GFANZ and the UN special envoy on climate action and finance.

The price of uranium surged to its highest price in 12 years amid fears of a supply crunch instigated by a coup in Niger, and Canadian miner Cameco’s decision to curtail production, just as demand for the commodity is poised to increase.

The portfolio has a concentration of 45-65 high-growth companies and is benchmarked against the MSCI All Company World Index Investable Market index.

The 175-member International Maritime Organization (IMO) notified its strategy on July 7 to decarbonise the global shipping sector and achieve net-zero emissions by 2050, the Global Trade Research Institute (GTRI) said. It added that IMO has also set interim targets for reducing emissions by 20-30 per cent by 2030 and 70-80 per cent by 2040, compared to 2008. It added that IMO has also suggested the shipping industry should switch to cleaner fuel. «By 2030 cleaner fuel must account for a minimum 5 per cent of total fuel use. IMO will notify detailed measures next year. While IMO recommendations are not legally binding, countries are expected to achieve the targets set. This year, few countries pushed for a flat tax of USD 100 per tonne of carbon emission by ships, yet IMO ignored the recommendation and set broad targets due to opposition from China and many developing countries,» GTRI co-founder Ajay Srivastava said.