24 Sep '14, 8pm

Institutional Investors Call For Price on Carbon, End to Fossil Fuel Subsidies

More than 345 global institutional investors, which represent more than $24 trillion in assets, are calling on governments to put a price on carbon and phase out fossil fuel subsidies. Governments should also develop an ambitious global agreement on climate change by the end of 2015 to give investors the confidence to accelerate investments in low-carbon technologies, energy efficiency and climate change adaptation, said the four coordinating investor groups. “ We are particularly concerned that gaps, weaknesses and delays in climate change and clean energy policies will increase the risks to our investments as a result of the physical impacts of climate change, and will increase the likelihood that more radical policy measures will be required to reduce greenhouse gas emissions,” the investors said. Stronger political leadership and more ambitious policies are needed, the...

Full article: http://www.desmogblog.com/2014/09/24/institutional-invest...

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