Investors Call Upon Governments to Secure a Clear, Long-Term Goal at COP21We Mean Business
Almost 400 institutional investors representing more than $24 trillion in assets relased a statement in top-tier business and finance journals around the world, today.
In a previous letter to the G7 governments, investors noted that with the right market signals from policy makers, investment in low-carbon and climate resilient opportunities can flow and climate impacts and resulting economic damages can be mitigated.
Today’s statement from the group of investors who are responsible for managing the retirement savings and investments of millions of people, called for governments who will meet at the December climate negotiations in Paris to secure a clear, long-term goal. A long-term goal will enable investors to deploy more capital and unleash a wave of innovation, reduce emissions, build climate resilience and protect the investments and the livelihoods of millions of citizens around the world.
The joint statement – from Institutional Investors Group on Climate Change [IIGCC], Ceres’ Investor Network on Climate Risk [INCR], Investor Group on Climate Change, Principles for Responsible Investment [PRI], and the UNEP Finance Initiative – reads:
Now is the moment.
We welcome the progress made on the climate finance package in Lima, Peru.
Significant capital will be needed to finance the transition to a low-carbon economy and to enable society to adapt to the physical impacts of climate change.
That’s why nearly 400 investors around the world representing $24 trillion in assets have called for a strong, global climate deal at COP21 in Paris.
At the Paris climate negotiations, we call for strong political leadership to provide certainty to investors by committing to a clear, long-tem goal.
This will enable investors to deploy more capital and unleash a wave of innovation.
The transition to the low-carbon economy is inevitable, irreversible and irresistible.
Together, we can achieve an ambitious global agreement at COP21 that will catalyze investor action and help to reduce emissions, build climate resilience and protect the investments and the livelihoods of millions of citizens around the world.