WORLD’S LARGEST INVESTORS CALL FOR MORE DECISIVE
ACTION BY GOVERNMENTS ON CLIMATE CHANGE

Representing trillions in assets under management, global investor groups issue open letter to
governments in wake of US President Obama’s re-election and Chinese leadership change 

London/New York/Hong Kong/Sydney, November 20th 2012 

Groups representing the world’s largest investors today 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. 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

According to the 2012 International Energy Agency World Energy Outlook, announced last week, current policies and recent trends will lead to long-term average global temperature increase of 3.6°C, a level which scientists have suggested could cause catastrophic and irreversible changes to the global ecosystem.

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