Connect with us

Hi, what are you looking for?

CleanTechnica
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.

Clean Power

$20 Trillion for Urgent Climate Change 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.

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 (‚Äúinvestment-grade policies‚ÄĚ) will not only present signiÔ¨Ācant opportunities for¬†investors in areas such as cleaner and renewable energy, energy efÔ¨Āciency and decarbonisation, but¬†will also yield substantial economic beneÔ¨Āts 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 Ô¨āow 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 ‚Äúinvestment-grade climate and energy policy‚ÄĚ 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.

 
 
Appreciate CleanTechnica‚Äôs originality? Consider becoming a¬†CleanTechnica member, supporter, or ambassador¬†‚ÄĒ or a¬†patron on Patreon.
 
Have a tip for CleanTechnica, want to advertise, or want to suggest a guest for our CleanTech Talk podcast? Contact us here.

New Podcast: How NVIDIA Is Bringing Autonomy To Automakers

Written By

Zach is tryin' to help society help itself one word at a time. He spends most of his time here on CleanTechnica as its director, chief editor, and CEO. Zach is recognized globally as an electric vehicle, solar energy, and energy storage expert. He has presented about cleantech at conferences in India, the UAE, Ukraine, Poland, Germany, the Netherlands, the USA, Canada, and Curaçao. Zach has long-term investments in Tesla [TSLA], NIO [NIO], Xpeng [XPEV], Ford [F], Volkswagen Group [VWAGY], Amazon [AMZN], Piedmont Lithium [PLL], Lithium Americas [LAC], and Starbucks [SBUX]. But he does not offer (explicitly or implicitly) investment advice of any sort.

Comments

#1 most loved electric vehicle, solar energy, and battery news & analysis site in the world.

 

Support our work today!

Advertisement

Power CleanTechnica: $3/Month

Tesla News Solar News EV News Data Reports

Advertisement

EV Sales Charts, Graphs, & Stats

Advertisement

Our Electric Car Driver Report

30 Electric Car Benefits

Tesla Model 3 Video

Renewable Energy 101 In Depth

solar power facts

Tesla News

EV Reviews

Home Efficiency

You May Also Like

Clean Power

Courtesy of Rocky Mountain Institute By Josh Brooks, Dan Cross-Call, & Heather House 2020 did not go according to plan, to say the least....

Clean Power

Courtesy of RMI. By Mark Dyson & Becky Xilu Li  With extreme cold stretching across half the United States, the past week has seen...

Clean Power

The financial sector faces a challenge: institutions that want to decarbonize their portfolios can’t always do so at scale while the world continues to...

Clean Power

Here’s a brief overview of several ballot measures illustrating how cities are moving at a rapid pace creating new funding to support local clean...

Copyright © 2021 CleanTechnica. The content produced by this site is for entertainment purposes only. Opinions and comments published on this site may not be sanctioned by and do not necessarily represent the views of CleanTechnica, its owners, sponsors, affiliates, or subsidiaries.