Global investors call for binding climate policy | Green Business | Reuters .
Banks, pension funds and other investment groups representing more than $13 trillion in assets called for a strong global agreement on climate policy on Wednesday, saying it would lead to a flood of investment into the low-carbon economy.
“Without the policies to encourage clean energy, investors are stuck at the starting gates,” Mindy Lubber, the president of Ceres, a Boston-based coalition of investors and environmentalists, and the director of the Investor Network on Climate Risk.
More than 180 investor groups called for a global target of emissions reductions of 50 to 85 percent by 2050, including higher cuts by wealthy countries, and plans in developing countries to make measurable emissions reductions.
Call me cynical, but reading this one I get the impression that Copenhagen might be a bigger success than previously expected. It won’t be greens-versus-industry: it might very well be finance-versus-industry.
Punchline: it bears repeating: everyone is an environmentalist if the price is right.
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