Post #67: Happy Earth Day

Amidst the tumult of COVID-19 headlines it may have been easy to overlook the fact that Earth Day took place last week. Celebrating its 50th anniversary, the event saw more than 190 countries make commitments on a wide range of environmental issues. The first Earth Day in 1970 had 20m citizens mobilise globally to demand action on the environmental challenges of the time. 50 years on, the organisers of the event (Earth Day Network) can count 75,000 partner institutions. Meanwhile the day itself is reportedly the largest civic observance in the world, normally attracting 1bn participants.

Despite more than 3bn people currently in lockdown, over 100m people participated digitally in various campaigns this year. Around the world, a range of national governments, city mayors, multinationals and other corporates made commitments on topics concerning renewable energy, plastics reductions, plant-based diets, climate literacy and more.

Beyond the issuance of press releases and medium-term targets, there is still more to be done. The United Nations stated emphatically in its own release that “public funds should be used to invest in the future, and not the past,”by making the economy and energy systems more sustainable, reducing emissions and slowing global warming. Recommendations include ending fossil fuel subsidies and taxing polluters to hold them accountable for their damage. Investors also need to be held more accountable, per the UN.

The challenge, of course, is that greenhouse gases do not respect national boundaries – just like viruses. Crises, such as the current COVID-19 pandemic, can often prove a catalyst for change. The fiscal taps have been opened in almost all developed countries, meaning budgets are available for new initiatives. Meanwhile, public support for more robust environmental policies is strong. Anecdotally, we all seem to like the current smog-free streets and clear skies. Warm April weather conditions across western Europe meant that record levels of solar energy were generated last week (per Bloomberg). Progress is being made.

Disclaimers

The document is provided for information purposes only and does not constitute investment advice or any recommendation to buy, or sell or otherwise transact in any investments. The document is not intended to be construed as investment research. The contents of this document are based upon sources of information which Heptagon Capital believes to be reliable. However, except to the extent required by applicable law or regulations, no guarantee, warranty or representation (express or implied) is given as to the accuracy or completeness of this document or its contents and, Heptagon Capital, its affiliate companies and its members, officers, employees, agents and advisors do not accept any liability or responsibility in respect of the information or any views expressed herein. Opinions expressed whether in general or in both on the performance of individual investments and in a wider economic context represent the views of the contributor at the time of preparation. Where this document provides forward-looking statements which are based on relevant reports, current opinions, expectations and projections, actual results could differ materially from those anticipated in such statements. All opinions and estimates included in the document are subject to change without notice and Heptagon Capital is under no obligation to update or revise information contained in the document. Furthermore, Heptagon Capital disclaims any liability for any loss, damage, costs or expenses (including direct, indirect, special and consequential) howsoever arising which any person may suffer or incur as a result of viewing or utilising any information included in this document. 

The document is protected by copyright. The use of any trademarks and logos displayed in the document without Heptagon Capital's prior written consent is strictly prohibited. Information in the document must not be published or redistributed without Heptagon Capital's prior written consent. 

Heptagon Capital LLP, 63 Brook Street, Mayfair, London W1K 4HS
tel +44 20 7070 1800
fax +44 20 7070 1881
email [email protected] 

Partnership No: OC307355 Registered in England and Wales Authorised & Regulated by the Financial Conduct Authority 

Related Insights

Featured Insights
Featured Insights20 January 2021

Season 3, Post 3: Shop online, and help save the planet

Several times a day, it seems, the doorbell rings, the dog barks and yet another package is delivered to the Gunz household. This pattern – exacerbated under lockdown – is being repeated up and down the country and across much of the world. While the speed and convenience of online ordering is certainly desirable, a […]

Learn more
Featured Insights
Featured Insights15 January 2021

Season 3, Post 2: Hot topics in healthcare

The Westin St Francis hotel on Union Square in downtown San Francisco is normally where the great and good of the healthcare world descend during the second week of January. This year, of course, is far from normal and one of the industry’s largest conferences (organised by JP Morgan and now in its 39th year) […]

Learn more
Featured Insights
Featured Insights06 January 2021

Season 3, Post 1: The weird and wonderful

Welcome to 2021. Sign of the times perhaps, but the title for our opening Blog post of the year perhaps captures both our current and future assessment of the world. Uncertainty reigns as the pandemic rages, but this won’t stop dynamic innovation occurring across all industries. With the present so murky, what could be more […]

Learn more

Get The Updates

Separated they live in Bookmarks right at the coast of the famous Semantics, large language ocean Separated they live in Bookmarks right