This week South Korea became the third large Asian economy to pledge carbon neutrality, marking a major milestone for the fight against climate change. All three countries, China, Japan and South Korea, are in the top 10 country emitters of carbon dioxide in the world due to a continued reliance on coal-powered energy, and together represent over a third of annual global emissions.
The election of Joe Biden as the next President of the United States is a relief for those involved in sustainability. From an environmental perspective simply a return to science-based policy making will be hugely welcome. Biden plans to re-join the Paris Climate Agreement on day one of his presidency, and despite potentially not having control of the Senate he should be able to proceed with many of his green goals; a task force put together during the campaign identified 56 policy moves on climate and energy that do not need help from Congress.
QUAERO CAPITAL has recruited Sophie Bigeard as Head of Multi-Asset Strategies for its French subsidiary Quaero Capital (France) SAS. She will be in charge of developing and managing Multi-Asset mandates for French institutional clients. Before joining QUAERO CAPITAL, Sophie Bigeard was Head of UCITS Analysis and Selection for the OFI Group.
QUAERO CAPITAL has hired Eric Daniel as Fund Manager. Supported by two dedicated analysts, he is in charge of managing the Global Convertible Bonds strategy launched in May. Prior to joining QUAERO CAPITAL, Eric Daniel was a Partner with London-based alternative asset manager Tyndaris, where he co-managed a similar fund.
California seems to be in the eye of the storm at the moment when it comes to the impacts of climate change. Images of yellow smoke-filled skies are proliferating news sources and social media, the result of wildfires that are seasonal for the state due to hot and dry weather, but that this year have burned through over 5 million acres already, worse than any year in the history books. The season for wildfires usually continues until December and may continue to force people to stay at home due to the air quality, further impacting businesses already reeling from the restrictions imposed by COVID-19.