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Investors are heating up governments over climate change



A group of 515 investors on Wednesday called on policymakers to act "with the utmost urgency" to achieve the goals of the 2015 Paris Climate Change Agreement, which is designed to limit global warming.

"Governments need to do much more to accelerate the low-carbon transition and improve the resilience of our economy, society and the financial system to climate change," investors said in a statement to the United Nations climate in the United Nations Next week's Action Summit.

Signatories to the Declaration include some of the world's largest pension funds and asset managers, including the California Public Employees Retirement System, UBS Asset Management, Allianz Global Investors, and Nomura Asset Management.

Investors control nearly half of the world's invested capital gives them a significant impact on the companies and governments best equipped to tackle climate change.

"With the immense power and influence that investors exert on our global economy, they have a tremendous opportunity and responsibility to act at the pace and scale required," said Mindy Lubber, CEO of Ceres, a non-profit sustainability organization , which was founded in the US After the oil spill of Exxon Valdez in 1

989 in Alaska, which contributed to the organization of the campaign.

UN Secretary-General Antonio Guterres has asked governments to come up with more ambitious plans for climate change at a summit on Monday. The goal is to reduce greenhouse gas emissions by 45% by 2030 and CO2 neutrality by 2050, financing pollution, "he said in June.

Only 31 of the 109 largest energy companies agree with those of national governments in Paris According to the Transition Pathway Initiative, the climate agreement signed there in 2015 is designed to limit global average temperature rise to well below 2 degrees Celsius.

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Only two oil and gas companies – Royal Dutch Shell [ RDSA ) and Repsol ( REPYY ) – agree with the Paris objectives, the group said.

"This new study shows that the energy sector is accelerating as moving towards a low-carbon future. It's not fast enough, "said Adam Matthews, co-chair of the Transition Pathway Initiative and Director of Ethics and Engagement at the Church of England Pensions Board.

– Ivana Kottasová contributed to the coverage.


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