Investors Against Climate Change

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Investors Against Climate Change

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“Climate change has quite rightly been framed as the greatest market failure ever,” says Rob Tacon, head of the U.N. Environment Program’s Financial Initiative.

We normally think of capitalists as ravaging the Earth with profit in their eyes. While that still might be true, 181 of the world’s largest investors have issued a united call for action against climate change, most importantly a binding treaty to cut pollution and boost funding for low-carbon technologies.

ChinaView

The world’s largest investors—collectively managing over 13 trillion U.S. dollars in assets—have issued a United Nations-backed call for concrete action in the fight against climate change, UN officials said here Thursday.

The statement signed by 181 investors on Wednesday in New York called for a strong binding treaty to reduce pollution and catalyze global funding for low-carbon technologies, the officials said.

They signed the statement just less than one week before UN Secretary-General Ban Ki-moon convenes the UN Summit on Climate Change on Tuesday to generate momentum for a deal at the UN talks in Copenhagen, Denmark, where nations are expected to “seal the deal” on a new pact to curb greenhouse gas emissions.

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TAGS: capitalism capitalists climate change environment environmentalism investors kyoto treaty united nations

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By hsr0601, September 20, 2009 at 6:11 am Link to this comment
(Unregistered commenter)

Nowadays, the world-wide overpopulation growing consistently is using up tremendous fossil fuel at an alarming pace as the own conventional resources in some dense countries is facing drastic dent.

For that reason, it is widely accepted that the price of fossil fuel is expected to go up and up simply, which is behind major states taking a bold and speedy action in a bid to put the global economy on a solid ground.
Relying on worthless, painful and wasteful oil wars, that is, the original source of this great recession, to waste time bickering on meaningless things and drag feet on a defining energy bill are sure to shake the embryonic effect of stimulus package that is an interim measure for build-out of a new foundation.
As with “Inaction” cost, $9trillion over the next decade in health care and social security, supposedly the same is of inaction on the most-needed energy bill.

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By stcfarms, September 18, 2009 at 8:58 am Link to this comment

If the environment is to be saved it will not be the corporations, investors,
government or god that will do it. If you want something done right, do it
yourself.

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By BlueEagle, September 17, 2009 at 10:58 pm Link to this comment

Don’t beleive the hype. All the elite are doing is formulating a new form of Ecocide and Genocide, namely through such govermental control measures as Cap & Trade or carring out Adgenda 21 line items.

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