World’s Largest Investors Call For Action on Climate Change

In an open letter, the alliance of institutional investors, responsible for managing $22.5 trillion in assets, published an open letter addressed to governments of the world’s largest economies calling for a new dialogue on climate change policy in order to avert dangerous climate change and its resulting economic impacts.

[This post is cobbled together from this article and this one. Unfortunately, the link to the actual letter itself is broken.]

The letter, announced ahead of international climate negotiations starting on 26th November in Doha calls for:

• Clear, consistent and predictable policies that encourage low carbon investment;
• knowledge sharing between governments on effective climate and clean energy policies, building on successful existing national and regional measures;
• stronger international agreements that send clear market signals about the future of climate policy and reductions in greenhouse gas emissions

Drawing on investor experience, the letter outlines the key features of successful climate change and clean energy policy which attract low-carbon investment. These include:

• clear short term, medium term and long-term greenhouse gas emission reduction targets;
• timetables for these targets, alongside enforceable legal mechanisms;
• incentives to shift the risk/reward balance away from high-carbon in favour of low-carbon investment

Gallery | This entry was posted in SEA Info. Bookmark the permalink.


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

You are commenting using your 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