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Over 360 long-term institutional investors representing more than $19 trillion in assets have written to G7 heads of state urging governments to stand by their commitments to the Paris Agreement at their upcoming summit in Hamburg on July 7-8, 2017.
“Investors are sending a powerful signal today that climate change action must be an urgent priority in the G20 countries, especially the United States, whose commitment is in question,” said Mindy Lubber, CEO and President of the sustainability nonprofit and JMF grantee, Ceres, which directs the Ceres Investor Network on Climate Risk and Sustainability. “Global investors are eager to open their wallets to a low-carbon future, but it won’t happen without clear, stable policy signals from countries worldwide – in particular, the US government whose waffling on the Paris Climate Agreement is hugely troubling.”
Download the letter signed by investors and the briefing paper for G7 and G20 leaders here.