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Clean Power investor urge climate change clean energy action

Published on October 24th, 2011 | by Zachary Shahan

20

$20 Trillion for Urgent Climate Change Action



investors urge urgent climate change clean energy action

Say what?

285 top investors who represent $20 trillion in assets pushed leaders of the world to take urgent climate change and clean energy action in a letter last week.

The 2011 Global Investment Statement on Climate Change starts out with the intro (which is then followed by domestic policy recommendations and international policy recommendations):

Climate change presents major long-term risks to the global economy and to the assets in which we invest. At the same time, well designed and effectively implemented long-term climate change and clean energy policy (“investment-grade policies”) will not only present significant opportunities for investors in areas such as cleaner and renewable energy, energy efficiency and decarbonisation, but will also yield substantial economic benefits including creating new jobs and businesses, stimulating technological innovation, and providing a robust foundation for economic recovery and sustainable long-term economic growth.

In the Cancun Agreements in 2010, governments agreed to reduce global greenhouse gas emissions so as to hold the increase in global average temperature below 2 degrees Celsius. To achieve this goal, massive investment in low-carbon energy will be required. For example, in its 2010 World Energy Outlook, the International Energy Agency (IEA) has forecast that US$13.5 trillion (or some US$500 billion per year) in clean energy investment and spending, in addition to the commitments that have already been made by governments, will be needed between 2010 and 2035.

With data from the IEA indicating that global energy-related emissions of carbon dioxide (CO2) in 2010 were the highest on record, it is clear that the need for action is urgent. However, current levels of investment in low-carbon technologies fall far short of what is needed. Private investment will only flow at the scale and pace necessary if it is supported by clear, credible and long-term policy frameworks that incentivise investments in low-carbon technologies rather than continuing to favour carbon-intensive energy sources. Therefore, as we approach the United Nations Framework Convention on Climate Change (UNFCCC) Seventeenth Conference of the Parties (COP-17) in Durban, South Africa, in November-December 2011, we wish to reiterate the calls we have made in previous Investor Statements about the importance of both domestic and international climate change policy in catalysing the required levels of investment needed to transition to a low-carbon economy, and to outline the elements of “investment-grade climate and energy policy” necessary to attract large scale investment in solutions to climate change.

Yes, there’s money in a clean energy transition. And there are jobs in a clean energy transition. And a clean energy transition would save the world tremendously in averted disaster and destruction. The technology is ready and urgent action is needed.

Really, there’s only one thing missing: the political will.

All of this is painstakingly clear to CleanTechnica readers, I think, so there is nothing new there. But it’s nice to hear that investors with $20 trillion in assets are telling our world leaders that!

Money Photo via Shutterstock.

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About the Author

is the director of CleanTechnica, the most popular cleantech-focused website in the world, and Planetsave, a world-leading green and science news site. He has been covering green news of various sorts since 2008, and he has been especially focused on solar energy, electric vehicles, and wind energy for the past four years or so. Aside from his work on CleanTechnica and Planetsave, he's the Network Manager for their parent organization – Important Media – and he's the Owner/Founder of Solar Love, EV Obsession, and Bikocity. To connect with Zach on some of your favorite social networks, go to ZacharyShahan.com and click on the relevant buttons.



  • boambria

    what about the geo-engineering?? every day HUGE grids of X’s in the sky as far as the eye can see.. the constant release of dangerous chemicals in the sky? also the ionospheric testing going on … constant pumping of high and low frequencies being pumped into the ionosphere causing jet stream manipulation and massive energy rebounds ???

    • Anonymous

      Geoengineering solutions are concerning as hell. Which is one reason why prevention through cutting gg emissions is such a better option.

  • boambria

    so.. what about all the Geo-engineering, cloud seeding etc…? what about the ionospheric testing going on all over the world? all the chemicals being sprayed in the air from jets.. every day HUGE grids of giant X’s in the sky….the pumping of mass amounts of low and high frequencies into the ionosphere, causing jet stream manipulations and massive rebounds of energy??

    • Anonymous

      Yep. Geoengineering solutions are concerning as hell. Which is one reason why prevention through cutting gg emissions is such a better option.

  • Anonymous

    Good work Zach. Keep fighting the righteous fight on behalf of those who follow us.

    Even for us, now that we’re starting to ‘enjoy’ the fruits of global climate change, all those 100 year floods year after year, the 500 year floods, the 1,000 year flood….

    The NE US should get its snow shovels ready. Hudson Bay is not freezing back on schedule. Look for the possibility of a lot of lake effect snow coming your way in a few weeks. And northern Europe – doesn’t look good for you this year. You might want to pick up some extra long underwear.

    • Anonymous

      Haha, appreciate it :D

      Spent toooo much time on comments here and on Planetsave today :D

      Keeps me from other important work, but guess it’s got to be done (think that’s part of the reason why the funded commenters and bots are working though — to take time away from other work).

      on what we’re already seeing, yeah, love our secretary of Ag’s statement on this: “Hard to Explain” How Anyone Could Not Tell the Climate is Changing
      Source: Planetsave (http://s.tt/13m7y)

  • Anonymous

    1st of all: this is blogging.
    2nd: these are issues i’ve covered a thousand times in more depth. the news was the statement by these investors.
    3rd: are you seriously going to use “girls” like that and then act as if you are fighting for justice and equality. that’s borderline hilarious & borderline insane.
    4th: if your group is not including climate change as an issue, i hope to god you aren’t pretending to represent the 99% or even the majority. and that’s both sad is hell & masochistic.
    5th: there’s no way you’re going to address the 6th mass extinction of the planet without address climate change.
    6th: i was once critical of C&T, but, after looking into it much more, it is a completely sensible approach to the problem, imho. yes, i’d probably prefer a carbon tax, but not matter what the solution is the most important point is that a price be put on CO2, and the devil is in the details. in my opinion, given the current political situation, C&T is our best and a highly needed option.
    7th: ignoring climate change (the problem) because you don’t like the most popular solution is like ignoring murderers because you don’t like the death penalty. guess what? ignoring the problem doesn’t help in the least. want a better solution to the problem than the solution on the table. push for it. but don’t let murders continue murdering people.

  • Pingback: Shocker! Climate Change Action Much Cheaper than Inaction | Planetsave

  • http://pulse.yahoo.com/_ODE7BFANYBBDJNE2Q3FF3YMN2Q JON

    285 top investors who represent $20 trillion. It looks like the 1% are at it again.

    • Anonymous

      it looks like some people with common sense and money don’t want to go headlong into a natural-disaster-ridden world

  • http://pulse.yahoo.com/_ODE7BFANYBBDJNE2Q3FF3YMN2Q JON

    UFO’s and bigfoot are real and there is scientific evidence to prove this. We are actually in a mini ice age right now, it used to be a lot warmed 30,000 years ago

  • prohuman

    Film I just hope people gullible enough to believe in the easter bunny, UFOs, Bigfoot, Santa and Climate change well know less then you. Only a fool believes this latest fairy tale of man made Global warming.

    • Anonymous

      right, a fool and dozens of Nobel Laureates and just about every overarching scientific body in the world and even climate skeptics who have carefully analyzed the data.

      see: 255 Leading Scientists, 11 Nobel Laureates Write Letter Supporting Climate Scientists & Climate Science ( http://planetsave.com/2010/05/07/255-leading-scientists-11-nobel-laureates-write-letter-supporting-climate-scientists-climate-science/ )

      see: 17 Nobel Laureates Call for “fundamental transformation and innovation in all spheres and at all scales in order to stop and reverse global environmental change” ( http://planetsave.com/2011/05/21/17-nobel-laureates-call-for-%E2%80%9Cfundamental-transformation-and-innovation-in-all-spheres-and-at-all-scales-in-order-to-stop-and-reverse-global-environmental-change%E2%80%9D/ )

      see: BEST Study (Climate Science Skeptic Study) Finds Global Warming is Real — Global Warming Deniers Are Pissed (What’s New?) ( http://planetsave.com/2011/10/22/best-study-climate-science-skeptic-study-finds-global-warming-is-real-whats-new/ )

      see: Global Warming Videos (Best, Funniest, Most Inspiring) ( http://planetsave.com/2011/10/06/global-warming-videos/ )

      of course, only a fool would believe the clear scientific proof…

      note: these organizations say global warming caused by humans is a FACT:

      U.S. Agency for International Development
      United States Department of Agriculture
      National Oceanic & Atmospheric Administration
      National Institute of Standards and Technology
      United States Department of Defense
      United States Department of Energy
      National Institutes of Health
      United States Department of State
      United States Department of Transportation
      U.S. Geological Survey
      U.S. Environmental Protection Agency
      University Corporation for Atmospheric Research
      National Center for Atmospheric Research
      National Aeronautics & Space Administration
      National Science Foundation
      Smithsonian Institution
      International Arctic Science Committee
      Arctic Council
      African Academy of Sciences
      Australian Academy of Sciences
      Royal Flemish Academy of Belgium for Sciences and the Arts
      Academia Brasileira de Ciéncias
      Cameroon Academy of Sciences
      Royal Society of Canada
      Caribbean Academy of Sciences
      Chinese Academy of Sciences
      Académie des Sciences, France
      Ghana Academy of Arts and Sciences
      Deutsche Akademie der Naturforscher Leopoldina of Germany
      Indonesian Academy of Sciences
      Royal Irish Academy
      Accademia nazionale delle scienze of Italy
      Indian National Science Academy
      Science Council of Japan
      Kenya National Academy of Sciences
      Madagascar’s National Academy of Arts, Letters and Sciences
      Academy of Sciences Malaysia
      Academia Mexicana de Ciencias
      Nigerian Academy of Sciences
      Royal Society of New Zealand
      Polish Academy of Sciences
      Russian Academy of Sciences
      l’Académie des Sciences et Techniques du Sénégal
      Academy of Science of South Africa
      Sudan Academy of Sciences
      Royal Swedish Academy of Sciences
      Tanzania Academy of Sciences
      Turkish Academy of Sciences
      Uganda National Academy of Sciences
      The Royal Society of the United Kingdom
      National Academy of Sciences, United States
      Zambia Academy of Sciences
      Zimbabwe Academy of Science
      American Academy of Pediatrics
      American Association for the Advancement of Science
      American Association of Wildlife Veterinarians
      American Astronomical Society
      American Chemical Society
      American College of Preventive Medicine
      American Geophysical Union
      American Institute of Physics
      American Medical Association
      American Meteorological Society
      American Physical Society
      American Public Health Association
      American Quaternary Association
      American Institute of Biological Sciences
      American Society of Agronomy
      American Society for Microbiology
      American Society of Plant Biologists
      American Statistical Association
      Association of Ecosystem Research Centers
      Botanical Society of America
      Crop Science Society of America
      Ecological Society of America
      Federation of American Scientists
      Geological Society of America
      National Association of Geoscience Teachers
      Natural Science Collections Alliance
      Organization of Biological Field Stations
      Society of American Foresters
      Society for Industrial and Applied Mathematics
      Society of Systematic Biologists
      Soil Science Society of America
      Australian Coral Reef Society
      Australian Medical Association
      Australian Meteorological and Oceanographic Society
      Engineers Australia
      Federation of Australian Scientific and Technological Societies
      Geological Society of Australia
      British Antarctic Survey
      Institute of Biology, UK
      Royal Meteorological Society, UK
      Canadian Foundation for Climate and Atmospheric Sciences
      Canadian Meteorological and Oceanographic Society
      European Federation of Geologists
      European Geosciences Union
      European Physical Society
      European Science Foundation
      International Association for Great Lakes Research
      International Union for Quaternary Research
      International Union of Geodesy and Geophysics
      Intergovernmental Panel on Climate Change
      World Federation of Public Health Associations
      World Health Organization
      World Meteorological Organization

  • Lloyd Vandenberg

    Who are these companies or group of companies? What happened to global warming? Is it now global climate change because we can’t “prove” warming? Why are we spending billions on a carbon reduction strategy that has no measurable benefit? Why was Greenland inhabited and farmed by Erik the Red in 985 and is now to cold to farm? Why did we have climate change back then without all the “Carbon emmisions” we have now?

    • Filmsoundone

      Well I think you should hope that most people that read your post you know less then you. That would be the only way in which anything you have said would be taken seriously. The earth “has warmed” by 1 degree through humans using carbon burning technology.

      • http://pulse.yahoo.com/_A3ABTKTLPJGKN6FKYI3UN3W7LQ m k

        dude, you don’t mean carbon right? you mean carbon dioxide. ‘carbon burning technology’ ooh that sounds bad. carbon dioxide, which is what you twits want to get rid of, is a specious, disproved theory by many scientists and most recently the CERN experiments. it’s a bid lie, for big money, for big carbon.

        • Anonymous

          m k, you sincerely think thousands of scientists all over the world and just about every major scientific body is wrong? you think they’ve all been bribed (rather than the 1-3% of climate scientists funded by the fossil-fuel industry who disagree)?

          the science has been clear for decades. you think the scientists decades ago who warned us about this were also bribed?

          have you ever if seen a climate scientist talking about these issues?

          have you looked at the clear science showing how our planet is heating up?

          if not, i recommend the following:

          BEST Study (Climate Science Skeptic Study) Finds Global Warming is Real — Global Warming Deniers Are Pissed (What’s New?) ( http://planetsave.com/2011/10/22/best-study-climate-science-skeptic-study-finds-global-warming-is-real-whats-new/ )

          http://planetsave.com/2011/10/06/global-warming-videos/

          255 Leading Scientists, 11 Nobel Laureates Write Letter Supporting Climate Scientists & Climate Science ( http://planetsave.com/2010/05/07/255-leading-scientists-11-nobel-laureates-write-letter-supporting-climate-scientists-climate-science/ )

          17 Nobel Laureates Call for “fundamental transformation and innovation in all spheres and at all scales in order to stop and reverse global environmental change” ( http://planetsave.com/2011/05/21/17-nobel-laureates-call-for-%E2%80%9Cfundamental-transformation-and-innovation-in-all-spheres-and-at-all-scales-in-order-to-stop-and-reverse-global-environmental-change%E2%80%9D/ )

          there’s a reason why these organizations say global warming caused by humans is a FACT:

          U.S. Agency for International Development
          United States Department of Agriculture
          National Oceanic & Atmospheric Administration
          National Institute of Standards and Technology
          United States Department of Defense
          United States Department of Energy
          National Institutes of Health
          United States Department of State
          United States Department of Transportation
          U.S. Geological Survey
          U.S. Environmental Protection Agency
          University Corporation for Atmospheric Research
          National Center for Atmospheric Research
          National Aeronautics & Space Administration
          National Science Foundation
          Smithsonian Institution
          International Arctic Science Committee
          Arctic Council
          African Academy of Sciences
          Australian Academy of Sciences
          Royal Flemish Academy of Belgium for Sciences and the Arts
          Academia Brasileira de Ciéncias
          Cameroon Academy of Sciences
          Royal Society of Canada
          Caribbean Academy of Sciences
          Chinese Academy of Sciences
          Académie des Sciences, France
          Ghana Academy of Arts and Sciences
          Deutsche Akademie der Naturforscher Leopoldina of Germany
          Indonesian Academy of Sciences
          Royal Irish Academy
          Accademia nazionale delle scienze of Italy
          Indian National Science Academy
          Science Council of Japan
          Kenya National Academy of Sciences
          Madagascar’s National Academy of Arts, Letters and Sciences
          Academy of Sciences Malaysia
          Academia Mexicana de Ciencias
          Nigerian Academy of Sciences
          Royal Society of New Zealand
          Polish Academy of Sciences
          Russian Academy of Sciences
          l’Académie des Sciences et Techniques du Sénégal
          Academy of Science of South Africa
          Sudan Academy of Sciences
          Royal Swedish Academy of Sciences
          Tanzania Academy of Sciences
          Turkish Academy of Sciences
          Uganda National Academy of Sciences
          The Royal Society of the United Kingdom
          National Academy of Sciences, United States
          Zambia Academy of Sciences
          Zimbabwe Academy of Science
          American Academy of Pediatrics
          American Association for the Advancement of Science
          American Association of Wildlife Veterinarians
          American Astronomical Society
          American Chemical Society
          American College of Preventive Medicine
          American Geophysical Union
          American Institute of Physics
          American Medical Association
          American Meteorological Society
          American Physical Society
          American Public Health Association
          American Quaternary Association
          American Institute of Biological Sciences
          American Society of Agronomy
          American Society for Microbiology
          American Society of Plant Biologists
          American Statistical Association
          Association of Ecosystem Research Centers
          Botanical Society of America
          Crop Science Society of America
          Ecological Society of America
          Federation of American Scientists
          Geological Society of America
          National Association of Geoscience Teachers
          Natural Science Collections Alliance
          Organization of Biological Field Stations
          Society of American Foresters
          Society for Industrial and Applied Mathematics
          Society of Systematic Biologists
          Soil Science Society of America
          Australian Coral Reef Society
          Australian Medical Association
          Australian Meteorological and Oceanographic Society
          Engineers Australia
          Federation of Australian Scientific and Technological Societies
          Geological Society of Australia
          British Antarctic Survey
          Institute of Biology, UK
          Royal Meteorological Society, UK
          Canadian Foundation for Climate and Atmospheric Sciences
          Canadian Meteorological and Oceanographic Society
          European Federation of Geologists
          European Geosciences Union
          European Physical Society
          European Science Foundation
          International Association for Great Lakes Research
          International Union for Quaternary Research
          International Union of Geodesy and Geophysics
          Intergovernmental Panel on Climate Change
          World Federation of Public Health Associations
          World Health Organization
          World Meteorological Organization

    • Anonymous

      global warming and climate change are different things. they’ve both been in the scientific literature for decades.

      the only known to have focused heavily on getting everyone to use one term over the other was Republican pollster Frank Luntz, who actually promoted using “climate change” because it was less scary.

      more history here: http://www.youtube.com/watch?feature=player_embedded&v=sdALFnlwV_o

      & here: http://planetsave.com/2011/10/06/global-warming-videos/

      dozens of Nobel Laureates and just about every overarching scientific body in the world, and even climate skeptics who have carefully analyzed the data, have determined that global warming is happening, concerning, and human-caused.

      see: 255 Leading Scientists, 11 Nobel Laureates Write Letter Supporting Climate Scientists & Climate Science ( http://planetsave.com/2010/05/07/255-leading-scientists-11-nobel-laureates-write-letter-supporting-climate-scientists-climate-science/ )

      see: 17 Nobel Laureates Call for “fundamental transformation and innovation in all spheres and at all scales in order to stop and reverse global environmental change” ( http://planetsave.com/2011/05/21/17-nobel-laureates-call-for-%E2%80%9Cfundamental-transformation-and-innovation-in-all-spheres-and-at-all-scales-in-order-to-stop-and-reverse-global-environmental-change%E2%80%9D/ )

      see: BEST Study (Climate Science Skeptic Study) Finds Global Warming is Real — Global Warming Deniers Are Pissed (What’s New?) ( http://planetsave.com/2011/10/22/best-study-climate-science-skeptic-study-finds-global-warming-is-real-whats-new/ )

      see: Global Warming Videos (Best, Funniest, Most Inspiring) ( http://planetsave.com/2011/10/06/global-warming-videos/ )

      these organizations say global warming caused by humans is a FACT:

      U.S. Agency for International Development
      United States Department of Agriculture
      National Oceanic & Atmospheric Administration
      National Institute of Standards and Technology
      United States Department of Defense
      United States Department of Energy
      National Institutes of Health
      United States Department of State
      United States Department of Transportation
      U.S. Geological Survey
      U.S. Environmental Protection Agency
      University Corporation for Atmospheric Research
      National Center for Atmospheric Research
      National Aeronautics & Space Administration
      National Science Foundation
      Smithsonian Institution
      International Arctic Science Committee
      Arctic Council
      African Academy of Sciences
      Australian Academy of Sciences
      Royal Flemish Academy of Belgium for Sciences and the Arts
      Academia Brasileira de Ciéncias
      Cameroon Academy of Sciences
      Royal Society of Canada
      Caribbean Academy of Sciences
      Chinese Academy of Sciences
      Académie des Sciences, France
      Ghana Academy of Arts and Sciences
      Deutsche Akademie der Naturforscher Leopoldina of Germany
      Indonesian Academy of Sciences
      Royal Irish Academy
      Accademia nazionale delle scienze of Italy
      Indian National Science Academy
      Science Council of Japan
      Kenya National Academy of Sciences
      Madagascar’s National Academy of Arts, Letters and Sciences
      Academy of Sciences Malaysia
      Academia Mexicana de Ciencias
      Nigerian Academy of Sciences
      Royal Society of New Zealand
      Polish Academy of Sciences
      Russian Academy of Sciences
      l’Académie des Sciences et Techniques du Sénégal
      Academy of Science of South Africa
      Sudan Academy of Sciences
      Royal Swedish Academy of Sciences
      Tanzania Academy of Sciences
      Turkish Academy of Sciences
      Uganda National Academy of Sciences
      The Royal Society of the United Kingdom
      National Academy of Sciences, United States
      Zambia Academy of Sciences
      Zimbabwe Academy of Science
      American Academy of Pediatrics
      American Association for the Advancement of Science
      American Association of Wildlife Veterinarians
      American Astronomical Society
      American Chemical Society
      American College of Preventive Medicine
      American Geophysical Union
      American Institute of Physics
      American Medical Association
      American Meteorological Society
      American Physical Society
      American Public Health Association
      American Quaternary Association
      American Institute of Biological Sciences
      American Society of Agronomy
      American Society for Microbiology
      American Society of Plant Biologists
      American Statistical Association
      Association of Ecosystem Research Centers
      Botanical Society of America
      Crop Science Society of America
      Ecological Society of America
      Federation of American Scientists
      Geological Society of America
      National Association of Geoscience Teachers
      Natural Science Collections Alliance
      Organization of Biological Field Stations
      Society of American Foresters
      Society for Industrial and Applied Mathematics
      Society of Systematic Biologists
      Soil Science Society of America
      Australian Coral Reef Society
      Australian Medical Association
      Australian Meteorological and Oceanographic Society
      Engineers Australia
      Federation of Australian Scientific and Technological Societies
      Geological Society of Australia
      British Antarctic Survey
      Institute of Biology, UK
      Royal Meteorological Society, UK
      Canadian Foundation for Climate and Atmospheric Sciences
      Canadian Meteorological and Oceanographic Society
      European Federation of Geologists
      European Geosciences Union
      European Physical Society
      European Science Foundation
      International Association for Great Lakes Research
      International Union for Quaternary Research
      International Union of Geodesy and Geophysics
      Intergovernmental Panel on Climate Change
      World Federation of Public Health Associations
      World Health Organization
      World Meteorological Organization

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