Greta Thunberg and others will demonstrate in the financial district of London ahead of the UN conference on climate change "COP26" to be held in the United Kingdom from the 31st of Japan time, and finance to stop financing fossil fuels I appealed to the institution.
The demonstration held in London on the 29th was called by Swedish environmental activist Greta Thunberg, who is scheduled to participate in COP26, and environmental activists from various countries.
Participants urged financial institutions to stop lending to fossil fuels, saying, "Climate justice, now is the time" in front of financial institutions.
A woman from Samoa, an island nation in the South Pacific, said, "Our country is most affected by climate change. We want financial institutions to move away from support for the fossil fuel industry."
The protests of the day took place around the world, including London and New York, where financial centers are located, and Nairobi, Kenya.
Despite the global challenge of reducing greenhouse gas emissions, financial institutions have fossilized even after the Paris Agreement, an international framework for climate change mitigation, was signed, according to the organization that hosted the demonstration. Large amounts of loans are being made to companies that operate fuel businesses, and there is still limited movement to review loans and investments.
At COP26, it is expected that the gradual abolition of coal-fired power will be discussed, and it will be interesting to see how the outcome of negotiations in each country will affect the movements of the financial industry and investors.