The billionaire clean-energy investor said it would be “fortunate” if temperature rise stays below 3C.
Jeff Ubben, the veteran hedge fund manager who’s just closed his sustainable investing firm, is calling out what he’s dubbed the “echo chamber” of traditional climate summitry.
Beneath the adrenaline rush of November’s stock-market surge is an eerie calm that points to more gains for equities investors, at least through the end of the year.
Sergio Ermotti, chief executive officer of UBS Group AG, says part of his mandate for the next three years is to identify potential successors, he told the Swiss media outlet Bilanz in a television interview.
If the use of fossil fuels doesn’t plummet, the world could be forced to rely on expensive technologies that haven’t been proven at scale, according to a report released at the United Nations summit in Dubai.
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