The Global Fossil Fuel Divestment And Clean Energy Investment Movement
Since its launch by students as a moral call to climate action in 2011, the fossil fuel divestment campaign has become a mainstream financial movement mobilizing trillions of dollars in support of the clean energy transition. Commitments to divest continue to grow rapidly: Today, nearly 1,000 institutional investors with $6.24 trillion in assets have committed to divest from fossil fuels, up from $52 billion four years ago—an increase of 11,900 percent. The primary drivers of this recent growth are insurers, pension funds, and sovereign wealth funds. The insurance sector continues to divest more than any other sector, having committed to divest over $3 trillion in assets.