Trillium Joins Institutional Investors Managing $24 Trillion Call for Carbon Pricing, Ambitious Global Climate Deal
SEPTEMBER 18, 2014: Days before UN Secretary-General Ban Ki-moon convenes the Climate Summit at the United Nations to spur climate action and facilitate a global climate agreement in 2015, nearly 350 global institutional investors representing over $24 trillion in assets, have called on government leaders to provide stable, reliable and economically meaningful carbon pricing that helps redirect investment commensurate with the scale of the climate change challenge, as well as develop plans to phase out subsidies for fossil fuels.
Institutional investors are acutely aware of the risks climate change presents to our investments. We recognize that significant capital will be needed to finance the transition to a low carbon economy and to enable society to adapt to the physical impacts of climate change.
The 2014 Global Investor Statement on Climate Change sets out the contribution that we as investors can make to increasing low carbon and climate resilient investments. It offers practical proposals on how our contribution may be accelerated and increased through appropriate government action.
The statement will be presented at the United Nations Secretary General’s Climate Change Summit on September 23, 2014 and can be viewed here.