19 Oct '11, 3pm

$20 Trillion Worth of Investors Call for GHG Targets

A group of 285 investors worth $20 trillion, including ABN Amro, Swiss Re, BNP Paribas, HSBC and CalPERS, have called on governments to create short-, medium- and long-term greenhouse gas targets, and enforceable legal mechanisms and timelines for delivering those reductions. The U.N. Environment Programme described the grouping as the largest-ever investment coalition, by both number of signatories and assets under management, to call for policy action on climate change. In a statement, the investors called for comprehensive energy and climate change policies to accelerate the deployment of energy efficiency, renewable energy, green buildings, alternative-fuel vehicles and low-carbon transportation infrasturcture. They called for financial incentives to shift the “risk-reward balance” in favor of low-carbon assets, by created strong carbon markets and other incentives for...

Full article: http://www.environmentalleader.com/2011/10/19/20-trillion...

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