【Top 10 International CSR Events】No.3 Ireland becomes the first country in the world to stop public investment in fossil fuels

No.3 Ireland becomes the first country in the world to stop public investment in fossil fuels

 
On July 12, the Irish House of Commons voted to pass the Fossil Fuel Divestment Act 2018, which marks Ireland as the first country in the world to stop public investment in fossil fuels. After the bill was passed, the Ireland Strategic Investment Fund is required to stop investing in non-renewable energy sources such as oil, natural gas, and coal within five years.
 
Reason for listing:
 
Fossil fuels are the main source of industrial development, but are to blame for global warming. Ireland pioneered the action to stop public investment in fossil fuels in the form of a bill, showing the determination to active transformation. This is not only a good approach for the nation to guiding the enterprises to achieve green transformation, then sustainable development, but also a clear signal for social investment and private capital. New energy development and green industry are bound to have new opportunities for development.
 
In addition, among the countries to carry out the global mission of implementing The Paris Agreement and addressing climate change, Ireland has also taken the first initiative to achieve good results.

For more information, please click here:

https://www.oireachtas.ie/en/bills/bill/2016/103/