Global investors call on world’s governments to move towards low carbon economy - 22 Jan 2010
In his weekly newsletter Boyd Dale had an interesting editorial where I, with his permission, like to quote from.
With the development of these technologies in mind, I refer you to a report in the British Guardian newspaper earlier of a conference at the UN in New York where some 450 investors controlling USD13trillion of assets had called on world governments to take immediate action to implement policies which support a new clean energy economy.
The group of 450 investors from Australia, Europe and the US said: "Investors remain committed to taking action. But for us to deploy capital at the scale needed to truly catalyse a low-carbon economy, policy makers must act swiftly."
The investors said it was critical that governments adopt rigorous targets for reducing greenhouse gas emissions over the next decade as well as for the distant date of 2050. In addition to renewable energy, they also called for policies to speed the development of green building practices, cleaner cars and public transit systems.
"What we need most is government action both in the US and throughout the world," said Anne Stausboll, the chief executive of Calpers, the California Public Employees Retirement System, the world’s largest public pension fund. It has USD1 billion of its USD205 billion assets in green investment and is ready to invest more.