19 Oct '11, 10am

investors

A coalition of more than 280 of the world's largest institutional investors has today issued a global plea for governments to take "new and meaningful steps" in their efforts to tackle climate change. The group of 285 investors, which together manage assets worth more than $20tr, today issued a new report and statement to G20 governments calling for an urgent acceleration in the development of domestic and international low carbon policies. FURTHER READING Democrats continue push to repeal oil tax breaks Vietnam inks $1bn wind energy deal The group is calling for the creation of "investment-grade policy" based around government incentives and stable policy frameworks that serve to reduce the risk associated with investing in low carbon projects. In particular, the statement calls for the adoption of clear emissions reduction targets, the creation of financial incentives th...

Full article: http://www.businessgreen.com/bg/news/2118221/280-global-i...

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Updated on 22OCT11

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