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​UN Climate Summit: Danish pensions to lead green transition with €47bn pledge

By on September 29, 2020

first_imgTorsten Fels, PenSam‘s chief executive, said: “It is important that the green transition is carried out rapidly, which requires ambitious political goals worldwide… Backed by Danish pension savings, we can as an industry help to make this plan real.”At the event, institutional investors from elsewhere declared their support for the initiative, which aims to inspire others to help mobilise further investments in climate change mitigation and adaptation around the world. Backers included Dutch pension fund PFZW, Norway’s Storebrand Asset Management, and the New York State Common Retirement Fund.Global efforts are to be coordinated by a coalition of public and private sector partners, the government of Denmark, Danish consultancy World Climate Ltd, and Peter Damgaard Jensen, chair of the Institutional Investors Group on Climate Change (IIGCC) and chief executive of PKA.Per Bremer Rasmussen, chief executive of IPD, said pension funds in Denmark had managed to increase the level of long-term investment in the green transition and simultaneously create a good rate of return for pension savers.“This is a valuable experience that we would like to share, which is why the Danish pension industry already is reaching out to other international investors with the aim of creating even more momentum for the green transition,” he said.According to the IIGCC, citing 2018 data from Bloomberg, the investment sum pledged by the Danish pension funds equates to a 15% increase in total global annual investment in renewables – although these investments are to be spread over 10 years. Denmark’s government and several of its biggest pension funds have pledged to invest an additional DKK350bn (€46.8bn) between now and 2030 to support the green transition.The collaboration set out its stall at the UN Climate Action Summit in New York this week to lead the charge to finance efforts to deal with global heating. The new pledge is more than twice the amount the sector has already invested and promised to invest.Ahead of the launch of the UN event, Danish prime minister Mette Frederiksen and pension funds PensionDenmark, PKA, PFA and PenSam – alongside lobby group Insurance & Pension Denmark (IPD) – announced plans for the industry to invest in green energy infrastructure and related investments, such as green stocks and green bonds.IPD said this represented a marked increase in the level of sustainable investment by the €410bn-plus Danish pensions industry, given that it had previously invested more than €16bn and planned to allocate another €4bn.last_img read more

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Jamuna Boro gives India winning start at the World Boxing C’ship

By on September 16, 2020

first_img Session ID: 2020-09-09:ac14f6569ff0ba454ebd3644 Player Element ID: video_player_5f576b74af7ff OK Close Modal DialogBeginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreen WATCH US LIVE “I feel really good to have won my first bout. It was also India’s first bout so this win is extra special. I’ve worked really hard for this tournament,” said Jamuna after her victory. Last Updated: 5th October, 2019 21:54 IST Jamuna Boro Gives India Winning Start At The World Boxing C’ship Jamuna Boro marked her debut with an impressive win against Mongolia’s Michidmaa Erdenedalai by 5-0. Jamuna started cautiously but eventually gained momentum. 11 months ago Mongolian President along with his delegation visits Taj Mahal 1 year ago Sonia Gandhi refers M.P Cong spat to Disciplinary Committee: Sources Video Player is loading.Play VideoPlayMuteCurrent Time 0:00Loaded: 0%Duration 0:00Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedSubtitlessubtitles settings, opens subtitles settings dialogsubtitles off, selectedAudio TrackQuality LevelsFullscreenThis is a modal window. This video is restricted from playing on your current domain Error Code: PLAYER_ERR_DOMAIN_RESTRICTED “My next bout is against Algeria and I will give my best. My aim is to win the gold medal and I will do everything to realize the dream. I want to thank Boxing Federation of India (BFI) and Sports Authority of India for providing all the training opportunities and the fans who have been supporting me continuously from India.” Jamuna added. The 22-year-old pugilist who secured a bronze previously at the Youth World Championships and a gold in the second edition of the Indian Open 2019 progressed easily to the second round of the AIBA Women’s World Championships. In her second-round showdown, Jamuna will box against the fifth seed, Algeria’s Ouidad Sfouh who had a first-round bye.READ: ‘I owe Olympics qualification to AFI’s prompt appeal’: Avinash SableWhile Boro was the only Indian pugilist in action on day 2, there will be 2 Indian boxers in the ring on Saturday. Neerja from the 57kg category will be facing China’s J Qiao while Saweety will be challenged by Mongolia’s Myagmarjargal Munkhbat in the 75kg category.Boxers presented with first-round byesFive Indian boxers including six-time World champion Mary Kom and Sarita Devi has been presented with first-round byes in this edition of the World Championships.READ: Brock Lesnar’s nightmare Cain Velasquez not signed by WWE: ReportsREAD: WWE: Tyson Fury may respond to Braun Strowman’s action on RAW SUBSCRIBE TO US FOLLOW UScenter_img Indonesia President’s Cup gold medallist Jamuna Boro (54kg) marked her debut with an impressive win, as Indian women boxers began their campaign on a high note at the Women’s World Championships in Ulan-Ude, Russia today. Jamuna started her first-round cautiously but eventually gained momentum. The Indian pugilist displayed sheer dominance from the second round onwards. Using her height to advantage, the Assamese boxer unleashed a flurry of punches to blank Mongolia’s Michidmaa Erdenedalai 5-0.READ: Sakshi Malik: ‘Please have faith in me, I deserve a better treatment’Why this win was extra special? Written By LIVE TV 1 year ago M.P min accuses Digvijaya Singh of blackmail, writes to Congress chief WE RECOMMEND First Published: 5th October, 2019 21:54 IST Suman Ray COMMENTlast_img read more

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