Investors turn up the heat on governments over climate change – CNN

Investors managing assets worth $35 trillion are sending a message to governments and companies: Do more to fight climate change.

A group of 515 investors on Wednesday urged policymakers to act with the “utmost urgency” to comply with the goals of the 2015 Paris climate agreement, which seeks to limit global warming.
“Much more needs to be done by governments to accelerate the low carbon transition and to improve the resilience of our economy, society and the financial system to climate risks,” the investors said in a statement ahead of next week’s United Nations Climate Action Summit.
Signatories to the statement include some of the world’s biggest pensions funds and asset managers, including the California Public Employees’ Retirement System, UBS Asset Management, Allianz Global Investors and Nomura Asset Management.
The group urged governments to phase out thermal coal power and fossil fuel subsidies, and set a price for carbon emissions. They called on companies to provide more information on climate risks.

via Investors turn up the heat on governments over climate change – CNN

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s