Question: Recently which of the following country became world’s first country to fully divest public money from fossil fuels?
(a) Ireland
(b) Switzerland
(c) Finland
(d) Denmark
Ans. (a)
Related facts:
- Ireland becomes the world’s first country to fully divest from all fossil fuels, according to 350.org’s Fossil Free Europe.
- The country’s parliament just passed “first-of-its-kind fossil fuel divestment legislation” with a majority vote.
- Irish Parliament passed legislation will drop coal, oil, and gas (fossil fuel) investments from its $8.56 billion Ireland Strategic Investment Fund.
- Ireland Strategic Investment Fund is a part of the Republic’s National Treasury Management Agency.
- Once enacted, the bill would force the Ireland Strategic Investment Fund to sell its investment in fossil fuel industries over the next five years.
- Earlier in 2015, Norway’s sovereign pension fund had divested from some fossil fuel companies, but not fully.
Reference:
http://timesofindia.indiatimes.com/home/environment/ireland-just-became-the-worlds-first-country-to-stop-investing-in-fossil-fuels/articleshow/56872723.cms
https://gofossilfree.org/ireland-passes-fossil-fuel-divestment-bill/