where the improbable but such was the creation of our solar system with our planet is a bit like winning the lottery there is a good. one for earth for you. starts feb 11th on t w. climate change is transforming the earth at an ever increasing pace. a new movement wants to stem the tide. with money. invest too in a sense investors determine what happens in the world of those. young influential millionaires want the world of business and finance to go green. if the time's running out and we have to act. for decades environmental protection was

seen as a money loser for the rich and powerful starting to change course the world isn't just changing up a bit if it's changing a lot we need to be prepared for but i think. zurich is a city awash in money its financial institutions manage more private wealth than anywhere else in the world. so it is the secret world of the super rich you must not go into sets and most people underestimate the extent to which wealth is concentrated for example in germany today the richest 45 families control about as much capital as the poorest half of the population that's quite similar in the rest of the world and i don't see that it does indeed there are some 32000000 millionaires in the world and about 2. 1000 billionaire families many i.d.'s from

union and of course these billionaire families are preside over an immense amount of power through their companies and capital of offers you a cup of tor not referring to billions but trillions worth of assets and that's where we come in dozens of some good on. earth that look at the university of zurich fike or pets or to studying the impact money has on climate change. that it is a former investment banker he has access to the financial elite. this is no ordinary workshop the wealth seated at this table is a mint. the participants are young for casual wear and want to change the world to get. heard. but. what is the goals that you do all the industries you get. how some of the participants come from very wealthy families. they are heirs to huge fortunes and have influence to match.

or pets all at once to win them over to making more sustainable investments. this. is super simple it's going to be you know so i don't know what i'd do with my money has been put into words and on how do you wish to take serious. psychopaths what collects data that no researcher has been able to gather before from confidential interviews he learns that many super rich people want to invest sustainably they just don't know how. i'm supposed to go so the most important thing is i think the background and when you were actually a university unit become we need research about how sustainable investment can be scaled and get it to the point where it can help change the world and these days that's why we need research this is one of a 2nd aspect is how to bring this information to people who make the investment decisions you need to know but if that's why we've gone beyond simply research but also offer training programs and workshops for people who have a real. the influence. on tony's shots from germany for example he belongs to

a wealthy family in germany. his motto is to use money to combat climate change that's. the most important aim is to create a sustainable civilization our way of life focuses on growth and consumption and that has to change. even when you think about it what use is having all that money if it ends up worthless because we're living on a planet that is sinking into utter chaos. she's a superhero as a whole lot. of fun i found batman exciting because he led a double life there have been times when i would have done that too much more than now these days i'm more open about issues of wealth because i want to inspire others to take the same direction in my. shorts wants to use

targeted investments to make the world economy more socially and environmentally sustainable and raise social awareness. if. wealthy young millennial generation born in the 1980 s. are forming a new class of investors they're not just looking for profit they want to change the world. but my goodness my generation still has that youthful shake things up mentality that's part of being young that burning desire to tackle and justice. every generation goes through that young people taking up protest against the system is a very important part of this process of renewal and change protests and we've achieved a lot with our standard of living but it has often come at the cost of others or the environment of course but that's something we need to address is it a. and. is not just investing his own fortune he's hoping to raise money elsewhere

to above all with the aim to combat climate change. because. he's not alone in his search the roots of ethical investment can be found in churches in britain for example. doing god's work and at the same time administering wealth. i think of the heart of it is that we have to we are pension fund we have to provide a pension for 38000 beneficiaries but we recognize there's some real fundamental challenges to our ability to do that and one of those challenges is climate change it creates how companies interact with the environment. the church of england is the 4th richest church in the world. adam matthews is the director of ethics and engagement on its pension board it has billions of pounds worth of shares including in companies that are climate killers. and. the.

collapse where you've go over 270 people having been killed when that happened it was just very clear that we needed to mobilize us to tighten as and investment managers to say right something has to change this issue and this this disaster will change mining forever as a result of the work that's going on at the moment. after the disaster the church of england sold at stake in the mining company that managed the dam. for years and . the value of the company's shares plummeted. by new investors snapped up the shares so the brazilian company wasn't forced to change its policies. now the church of england is striking a different course. from a disinvestment is almost a failure because you've not been able to get the change you want and there is an opportunity a many issues. to exercise that influence from the shareholder base. adam

matthews has shifted strategies together with other major investors he wants to exert pressure. for the church of england that means emphasis on transparency when making information about a company's environmental policies public the church even has its own database. 101. that is just like not even acknowledging climate change and these are the largest coal producers in the world you can see that people are going to start differentiating very significantly we didn't sectors in other contests. matthew says the strategy is already bearing fruit climate change has become an investment risk. you'll see in much more collective interventions by shareholders the ones that we make we fundamentally recognise individually we will achieve very little by through engagement just by selves so everything we do is did

towards that sort of collaborative approach where you can mobilize those trillions . matthews is preparing for a meeting with the oil giant shell he wants the company to become more eco friendly . or it's early in the morning here in the harbor of tom's or in northern norway a special investment project to setting sail. a hybrid electric brim will take passengers on tours of the arctic north. investor to new start is on board for the 1st time. the millionaire wants to promote technology that helps replace fossil fuels and invest in new ideas that benefit the environment. we invest in. the call so we think it's very important to have a bed for incision from. sell fuel in the shipping. industry

to electric and hybrid. cold. calls the pollution is. a big problem. the shipping industry is responsible for more than 2 percent of annual global greenhouse gas emissions. our next article a doctor comes from iceland. she hopes that no starts investment can help transform the industry by using electricity to power ships and reduce the use of diesel to minimize. this movement as is necessary to make the industry has been a little bit some politicians have been moving a little bit from the last years but the big mover is the one sitting on the money so basically if we are to get a real chance those 2 places the money they are those who can make that choice is the person this is. on more sustainability is the key factor

the vessel built with recycled materials navigates the heavy seas. foreigners. are now docked there and no stars are convinced the future of the travel industry is green the ships powered by the equivalent of 10 tesla batteries 90 percent of its excursions use no diesel. clean and silent the brim makes its way through the i.c.c. . legal research has shown pledge recently that most pollution is a big problem for animals in the ocean but the way our dependence on and hearing its other name will be able to communicate. most to find them a story just in general communicate in order to hunt together you know both of our cousins humpback whales which we often see. here is very dependent on this.

the new vessel has already attracted the interest of other investors. a large shipping company is hoping to work with partner dr on sustainable technology new stuff is more than pleased with his investment. because this is a great project this physical project that is so you can sort of feel and see that those 3 progress story although it's actually doing something. positive changing the. tourism is that there was the since then the way it's a great experience. for the norwegian investor sustainable tourism is just one piece of the puzzle to prevent a climate catastrophe the investment industry must go green. in london on 20 shots or searching for sources of green money he meets with representatives from industry and politics to discuss dormant accounts some years ago the british government began distributing funds from these accounts to boost

sustainable projects. germany has yet to follow suit. here some 9000000000 euros lie slumbering in abandoned accounts. their owners are deceased or can't be located fox wants to use that money to launch a sustainability fun to promote green projects. the u.k. has already put 300000000 euros from abandoned accounts to good use. i'm tony schwartz is convinced it could work elsewhere. but he's put that number up so that's when i found out is that this is also possible in germany. we've already spoke to banks who would be happy to solve the entire matter but even if the bank on those bank accounts are very labor intensive for them. or they're hoping to create a win win situation. it's the banks will benefit society will benefit and the german government will align its laws with internet. national standards and. he

still hasn't won over politicians or the banks in germany but is determined to keep striving for a better world. a world in which the oceans off the coast of norway would be spared the effects of pollution and overfishing. the ocean is the source of much of the country's wealth but the maritime industry has been slow in protecting it properly. startups in oslo are looking for solutions. one idea is a design for underwater traps for sustainable fishing. the startups founders need funding. for investors like talk about new start it's a chance to save the world and make money. the goal is we're looking for the best farmers that focus on solving problems as a core of their business using technology at scale that. making a huge positive impact in the world at the same time as making great profits from

ashley. tata is heir to a norwegian real estate empire he's determined to prove the finance sector that environmental protection can bring a profit. and his business partner often hear what bollocks have big plans in store for the start up to get the nod. will receive training from mentors in finance and industry. the rest their goal is to help the start of there's no doubt it will encourage change across entire industries. imposing it on the responsible. is the world of finance ready to go green for their projects to start and power are planning to use their influential network and banking industry. much like lobbyists to connect startups to the corporate establishment and introduce young innovators to the older generation of investors. not mean more to come. it's it to be we we can not walk with you know

the must take. the plastic in the are so we get must understand how much fish are actually almost there fish over fish and the cards they do their seem to understand and can also come through the gates in a much better way than previously so this is where us technology enabled us to get to have. and that i think also is something that new generations coming to have maybe having more docstring of state throughout these cultures this wealth than made their parents or grandparents like to live in a 2nd world war and using new technology to solve urgent problems and earn money in the process. that's the goal. but what will it take for green investments to truly take off. so it is convinced that this will only happen once people are convinced it will turn a profit. then people think that when they make sustainability an investment criteria they'll automatically lose money and then that's not true for you you

effectively lose money when you don't have all the information relevant for development of your investment investment and today the relevant issues are climate change resource scarcity and depletion social stability. they drive the economy and determine the value of investments it's off time if you don't take that information into account on your a bad investor but for the finance world that hasn't quite sunk in yet it was good enough once that. this is the headquarters of one of germany's largest asset management companies in munich. is responsible for billions of euros. of quartz headed the 270000000000 euro investment branch of the world's largest reinsurer unit green until june 2020. he's been involved with sustainable investments for decades damansara we had 2 funds

back then 2 mutual funds in the may add sustainability fund which was an international equity fund and may had climate change fund that invested in solar panels and solar parks and so parts exact then no one was interested in them it's made out sustainability the equity fund took a long time many years before it was taken seriously on the market if you go to market and we had to close the mad climate strategy fun so no one invested in it. today may exist in the bela he is one of the company's most successful products in this and has robust growth to disappear stockmann. attitude has also changed back then it was a visionary missionary concept today sustainability is reality. a recent study has shown that the world's largest companies face up to one trillion euros from climate change impacts. court says the message is beginning to sink in.

either he said by each bar here represents a study the same question was asked each time is sustainability good or bad for performance list for the serious 2007 year for back then every investment in a solar or wind park was a risky one invest and here you see that beginning in 20162017 that turned around from here on investors gave a different answer for sustainability became good for performance with good food performance. the wind of change is blowing in the investment industry but why is that is social pressure having an impact. on globalization analysts josefa is addressing young climate activists he's convinced that the wealthy stand to lose a lot of money in some budget metafile had to have my freedom means that i can

board a plane 100 times a year fly to 7 different marathons around the globe that feels like a wonderful freedom but what if that's no longer allowed and the days of international marathons are over as of any field believe i'm wealthy i'll want to help prevent this catastrophe if only to preserve my own freedom to top the top emitters need to make their companies climate neutral that's now becoming a huge issue 50 undernourished. sustainability is also on the agenda at a meeting in this london bank church of england representative adam matthews is meeting with members of the global investment elite to encourage change. some companies are actually putting more effort into the notion of trying to respond they never took an axe fully invest into transform themselves. top show executives in attendance. adam matthews and his team want to confront the oil

executives with some cold hard facts. today's been about space we understand which oil and gas companies which mining companies and which electric utility companies are genuinely starting to transition their businesses and which aren't so that we've got clarity as investors about where we need to focus our attention and use. leaders of change with those companies that aren't progressing false north. but as adam matthews knows the most powerful weapon in finding climate change is forming alliances with other investors. stephanie pfeiffer is on the steering committee of the climate $100.00 plus initiative well i think what makes it so powerful is the way of the investors behind it you've got $36370.00 investors with $34.00 trillion dollars in assets engaging with the highest emitting companies globally at c.e.o.

level it is being taken very seriously and it has been accepted that we we only. the investors are worried about what will happen to their money if the oil giants don't go carbon free quickly enough. will the industry face stiff penalties and will the value of their investments plummet. in a show of strength the shareholders convinced the shell executives to enact a new policy linking their salaries to successfully implementing carbon reduction measures. this is one of the largest oil and gas companies in the world through this it process we were able to negotiate the 1st of the statement between invest. i'm not on a gas company but the question is is that change sufficient from the level of the challenge that we're dealing with and i think that's where there's still a lot of work to be done. but time is running out

especially for the younger generation. they're demanding far reaching changes to the global economy. but sustainability expert yourself warns against changes that are too radical. doesn't it a ghost unless our market system is one of the greatest achievements of humankind we've created an incredible machine that provides us with all these goods and services services for doing we can't let it grind to a standstill any changes we make to this machine save the climate and our prosperity traditional industries will need to be able to shift course without going under and investors have a key role to play invest one investors need to understand that in capitalism what happens in society is significantly determined by decisions made by investors inside of numbers and to we are those investors the amazons we have to ask what's happening to our money our shares in major companies want to name it it how can we influence them and him that's what we need to focus on effective and we need to do

it in a way that does justice to the scope and urgency of these issues i stood. issues that concern these affluent international millennialists. psychopaths or it has brought them together for an evening of it to zurich. 'd the idea of sustainable investment has also won over this young millionaire from brazil. so we decided to do is really thought through this specific value instead of this it is to create a community where we can have it here it's a change and also education i love how we can maximize our impact. well throughout all of our portfolio. not only are wealthy individuals going green they are creating networks from families. from scientists to welcome to learning also to the international climate strike movement. the younger generation is determined

to promote change. my main migration is because i want to create the world where we all can be thriving happy people. and that's what i believe as a tech nerd we stand in front of a cross that is going to hell is going to job. and we can influence that. troy's and i want to go towards the pulse there is that i'm late to. the green investment revolution has started and some investors have made climate protection their goal. but it's only a beginning. to

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play. this man loves to eat his christmas tree. timbers suneet are 2 listings are a lot lower. whether it's needles mark or good. everything is at a bar. all right then back to the brands. 30 minutes. early james is to the buy not the constitution. preach their beliefs denigrate science. love guns and have contempt for those who think differently

even jellicoe lives in the usa. their churches have a profound impact on society positives. god bless america. in 75 minutes on d w. by calling me and i'm game did you know that 17000000 land animals killed worldwide so that we can include but it's not just be animals of all suffering it's the environment we went on a journey to find ways out of the machine if you want to know how awake lifted the priest and the culture has changed as a way to use this listen to our podcast on the green since.

it's about billions. it's about power. it's about the foundation of the new world order the new silk road. china wants to expand its influence with this trade network. but in europe there's a sharp mornings whenever accept money from the new superpower will become dependent on. committal to. the chinese state has a lot of money at its disposal. and that's how it's expanding and asserting its status and position in the world will play china's game lead to a. start feb 19th w. such. place.

blame. a state of weak new blood from berlin and the americans party has a new leader and a close run of the vote delegates choose amin lusha to take the helm of the conservative c.d.u. but general elections later this year last said now has a good shot to be the party's candidate for chancellor but does he have time for what it takes also coming out. 5 more years in power for one of africa's longest serving leaders uganda's incumbent president he'll where even though $78.00 is the clear the winner of nash.