World’s Largest Investors Call to Action on Climate Change

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World’s Largest Investors Call to Action on Climate Change

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Friday, November 4, 2011 - 12:00pm

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285 investors representing more than $20trillion in assets signed a joint statement urging the government for policy action to mitigate factors resulting in climate change. This statement calls for action that stimulates private sector investment in climate change solutions, creates jobs and is essential for long-term sustainability of the global economy.

The investor support has doubled since November 2008 when the initiative began. The statement is also supported by a report commissioned by three investor groups and UNEP FI. This report emphasizes the importance of investment-grade policy which will enable institutional investors to allocate capital towards climate change solutions, including appropriate government incentives to compensate for heightened risk and sufficient scale of technology deployment. The report also emphasises that long-term policy stability is critical and retroactive changes can significantly damage investor confidence, according to a press release issued by US SIF.
 
Christiana Figueres, Executive Secretary of the United Nations Framework Convention on Climate Change (UNFCCC), said that governments have clearly signaled their intentions to move toward a low-carbon economy, which will require significant investments in clean energy. The joint statement should help give governments the knowledge and the confidence to get the ball rolling.
 
To download the statement please click here. To download the report please click here.
 
 
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Keywords: Environment & Climate Change | Investments | UNFCCC | United Nations Framework Convention on Climate Change | climate | climate change | enviroment | investors

CONTENT: Blog