Sustainable Festival: Chuka Umunna warns of 'huge gap' in funding to achieve net zero transition

Anna Fedorova
clock • 3 min read
Sustainable Festival: Chuka Umunna warns of 'huge gap' in funding to achieve net zero transition

Chuka Umunna, managing director and head of EMEA ESG at JP Morgan and former MP, has spoken out against the argument of divesting from coal as a "simple solution" to the climate crisis, arguing this tactic is "nonsense and will be counterproductive". Speaking at the Sustainable Investment Festival, Umunna (pictured) noted there is a huge gap between the funding needed to help the transition to net zero and the amount pledged by global governments. Even in the European Union, which is a ...

To continue reading this article...

Join International Investment

Join International Investment today

Unlock members-only benefits:

  • Unlimited access to real-time news, industry insights, video features and market intelligence
  • Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
  • Members-only access to the Editor’s weekly news roundup newsletter
  • Members-only access to analysis via our exclusive industry polls
  • Be the first to hear about our events and awards programmes

Join now

 

Already a International Investment member?

Login