Big Money Backs Climate-Change Fight

The world’s largest investors are using their assets – a combined $20 trillion – to push international policymakers to fight climate change. A coalition comprising 285 investors recently released a statement urging private-sector investment in climate change solutions that will create jobs and a more stable economic system worldwide.

The charge is being lead by three investor groups: the U.S.-based Investor Network on Climate Risk, Europe’s Institutional Investors Group on Climate Change and the Investors Group on Climate Change in Australia and New Zealand. Along with the statement, the group presented a report with case studies showing the climate polices of six of the world’s major emitters and examples of how investment policies can help governments craft future initiatives.

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image via Shutterstock

The statement and report was sent to the G20 and other governments in anticipation of the United Nations Framework Convention on Climate Change that is set to start in November. Investors are calling for changes at both the domestic and international level.

Domestically, the group is asking governments to create  long and short term objectives for greenhouse-gas emissions. They also want creation of financial incentives to reward low-carbon assets and the development of policies that accelerate the use of green buildings, clean vehicles and clean and renewable energy. Internationally, the group is asking for continued work on a binding international climate treaty, the development of a green climate fund and greater efforts to reduce emissions and deforestation.

Kristy Hessman is a writer and native Oregonian who currently resides in California. Before starting her own company, she worked as a reporter covering business and politics for daily newspapers and The Associated Press.

    • KidMLV

      Oh, so because climate change is deemed a noble cause, now we think its fine for big capital to throw their weight around? One wonders where else they are using their trillions to push others around where the causes are not so noble…

    • Kermit

      It’s time we take responsibility for climate change. u00a0No one will be exempt from the ramifications, so instead of denying it, we must prepare for it and TAKE ACTION NOW!!! u00a0

    • Jeanie Ls

      At the same time,u00a0 GOP candidates and interests are pushingu00a0to end the EPA! Exactly oposite of what we need to do.