Economics in Brief: Mayors of 12 Major International Cities Pledge to Divest From Fossil Fuels – Next City

Economics in Brief: Mayors of 12 Major International Cities Pledge to Divest From Fossil Fuels – Next City
In a victory for climate campaigners, mayors of 12 major cities pledged to divest from fossil fuel companies, and increase investments in climate solutions and a green recovery from the pandemic. The declaration, “Divesting From Fossil Fuels, Investing in a Sustainable Future,” marks a decisive shift to a clean energy economy, and is the next step to facilitating the Global Green New Deal, which was announced in October 2019 at the C40 World Mayors Summit in Copenhagen, Denmark.

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