World’s leading institutional investors managing USD 24 trillion call for carbon pricing, ambitious global climate deal

18 September 2014

Today, more than 340 global institutional investors representing over USD 24 trillion in assets issued a Global Statement calling on government leaders to provide stable, reliable and economically meaningful carbon pricing that helps redirect investment commensurate with the scale of the climate change challenge. The Statement was coordinated by UNEP FI in collaboration with Principles for Responsible Investment (PRI), Ceres’ Investor Network on Climate Risk (INCR) in the United States, the European Institutional Investors Group on Climate Change (IIGCC), the Investors Group on Climate Change (IGCC) in Australia and New Zealand and the Asia Investor Group on Climate Change (AIGCC). Achim Steinter, UN Secretary- General and Executive Director of the UN Environment Programmed said, “The perception prevails that we need to choose between economic well-being or climate stability. The truth is that we need both. What is needed is an unprecedented re-channeling of investment from today’s economy into the low-carbon economy of tomorrow. Investors are owners of large segments of the global economy as well as custodians of citizens’ savings around the world. Having such a critical mass of them demand a transition to the low-carbon and green economy is exactly the signal Governments need in order to move to ambitious action quickly.”

A report on Financial Institutions Taking Action on Climate Change was also launched. The report highlights examples of action being taken by investors to support a low carbon, climate resilient economy.
View information on the Statement and report at www.investorsonclimatechange.org.

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