Pension And Planet

RI.com 10/11/30: Institutional investors and climate financing talks at COP16

RI talks with Ole Beier Sørensen, chairman of the Institutional Investors Group on Climate Change, who believes the COP16 international conference on climate change could be the moment when the potential role of institutional investors in financing climate change solutions becomes a serious and practical discussion topic. Ahead of the Cancun conference, a group of 259 investors with combined assets of more than $15trn (€11.1trn) released an investor statement calling for policies to “unlock the vast potential” of low carbon markets. It was the biggest ever investor statement on climate change policy, and in a notable addition to the standard request for long-term policy, the investor statement called for multilateral development banks and other development finance institutions to apply “risk-reducing finance tools” to assist market development and scale up private investment. Read more