Investing in the future: Norway, climate change, and fossil fuel divestment

Rimmer, Matthew (2016) Investing in the future: Norway, climate change, and fossil fuel divestment. In Sosa-Nunez, Gustavo & Atkins, Ed (Eds.) Environment, Climate Change and International Relations. E-International Relations, Bristol, pp. 206-225.

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Abstract

The fossil fuel divestment movement has undergone explosive growth over the last few years - expanding from encouraging educational institutions to adopt ethical investment policies to focusing upon cities, pension funds and philanthropic charities. The fossil fuel divestment movement has attained global ambitions - challenging sovereign wealth funds and national governments to engage in fossil fuel divestment, and pushing for fossil fuel divestment at international climate talks - such as the Paris Climate Summit in 2015.

By exploring and analysing a key campaign to 'Divest Norway', this chapter considers the efforts to globalise and internationalise the fossil fuel divestment campaign. Part 1 explores the origins of the fossil fuel divestment movement, and the application of such strategies in a variety of contexts. Part 2 looks at the campaign to divest Norway's sovereign wealth fund of fossil fuel investments. There has been much discussion as to whether the bold decision of Norway to engage in coal divestment will encourage and inspire other sovereign wealth funds to engage in fossil fuel divestment. The conclusion considers the efforts to introduce fossil fuel divestment as a policy initiative for nation states as a policy option in international climate law.

Impact and interest:

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ID Code: 95215
Item Type: Book Chapter
Keywords: Fossil Fuel Divestmen, Norway, Sovereign Wealth Funds, Future Funds, Climate Change, Paris Agreement
ISBN: 9781910814093
Subjects: Australian and New Zealand Standard Research Classification > LAW AND LEGAL STUDIES (180000) > LAW (180100) > Environmental and Natural Resources Law (180111)
Divisions: Current > QUT Faculties and Divisions > Faculty of Law
Current > Schools > School of Law
Copyright Owner: Copyright 2016 Matthew Rimmer
Copyright Statement: This book is published under a under a Creative Commons CC BYNC-4.0 license.
Deposited On: 27 Apr 2016 23:30
Last Modified: 09 May 2016 01:59

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