Why Missed Climate Targets by Global Investors Matter for Israel |
The recent acknowledgment by Temasek, one of the world’s leading state-owned investment companies, that it is likely to miss its 2030 portfolio decarbonization target is an important signal. The issue is not necessarily lack of ambition by global investors to reduce its environmental footprint, it is the difficulty of aligning climate roadmaps with real-world economics: technology readiness, infrastructure timelines, sector cost curves, policy incentives and the ability of portfolio companies to finance climate-transition capex.
This is the challenge facing many of the world’s largest investment holding companies, sovereign investors and asset owners.
A 2050 net-zero pledge is no longer enough. Stakeholders, including regulators, increasingly want credible interim targets, sector-specific transition plans, financed-emissions........