Largest ever group of global investors call for more action to meet Paris targets

The largest ever group of institutional investors has called on governments around the world to urgently increase their efforts to meet the Paris climate change agreement goals.

 A smokestack from a coal-fired power station. Investors say
there is an ‘ambition gap’ between governments’ commitments
 and what is needed to limit the global temperature increase to 2C.

The 414 global investors - which represent US$31 trillion of assets-under-management - say they are deeply concerned about the “ambition gap” that exists between governments’ commitments and what is needed to limit the global temperature increase to well below 2C above pre-industrial levels.

They say that gap is increasing the physical risks from climate change and hampering investors’ ability to properly allocate trillions of dollars needed to support the much-needed transition to a low carbon economy.

Read the story by Gareth Hutchens from The Guardian - “Largest ever group of global investors call for more action to meet Paris targets.”