More than 280 institutional investors representing over $17 trillion in assets have now signed a letter to G7 heads of state urging them to stand by the commitments in the Paris Agreement on Climate Change when they meet in Italy later this week.
The letter calls on governments to put policies in place to achieve the commitments and develop focused and long-term climate plans aligned to the agreement’s goal of keeping global average temperature rise to well above 2 degrees Celsius compared with pre-industrial levels.
The G7 will meet in Taormina on 26–27 May.
The letter also called on G20 leaders – who will meet on 7–8 July – to “explicitly acknowledge” climate change at the summer gathering.
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Investors ‘intensify’ G7 climate call
More 280 signatories with $17 trillion in assets lobby for low-carbon policies
By EBS