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University of Cambridge pledges to divest from all fossil fuels by 2030

Ben Geman, author of Generate

A sign outside Trinity College, University of Cambridge on May 22. Photo: Tim Ireland/Xinhua via Getty Images

The University of Cambridge said this morning that it "aims to divest from all direct and indirect investments in fossil fuels by 2030" and plans to ramp up renewable energy investments.

Why it matters: With one of the largest endowments in Europe at £3.5 billion ($4.45 billion), the U.K. school " arguably becomes the most prominent university to aim for divestment," per Institutional Investor.

The intrigue: Cambridge also said that going forward, research funding and other donations will be reviewed to ensure donors can show "compatibility with the University’s objectives on cutting greenhouse gas emissions before any funding is accepted."

  • The school has pledged to cut its greenhouse gas emissions to zero by 2038. 

Go deeper: Cambridge university to dump fossil fuel investments by 2030 (Financial Times)

Go deeper

Axios Video
Apr 6, 2020 - Energy & Environment

Video: The long, slow march toward renewable energy dependence

The world is increasing its dependence on renewable energy, but the shift away from fossil fuels has been long and slow due to the limitations of alternative sources — and the coronavirus crisis has only hurt progress.

Amy Harder, author of Generate
Jul 20, 2020 - Energy & Environment
Column / Harder Line

Biden's climate plan tries to bring unions into clean energy

Photo illustration: Aïda Amer/Axios. Photo: Brendan Smialowski/AFP via Getty Images

Joe Biden’s latest climate change and clean energy plan mentions the word union more than it does the climate itself.

Why it matters: Wind and solar energy have grown immensely across America over the last decade, but associated union jobs have not. The Democrats’ presumptive presidential nominee is trying to change that, which politicians and others say is key to tackling climate change.

Go deeper (3 min. read)Arrow
Margaret Talev
1 min ago - Politics & Policy

Focus group: Former Trump voters say he should never hold office again

Illustration: Sarah Grillo/Axios

"Relief" is the top emotion some swing voters who used to support Donald Trump say they felt as they watched President Biden's swearing-in, followed by "hope."

Why it matters: For voters on the bubble between parties, this moment is less about excitement for Biden or liberal politics than exhaustion and disgust with Trump and a craving for national healing. Most said Trump should be prohibited from ever holding office again.

Go deeper (2 min. read)Arrow