UNITED NATIONS (AN) — More than 500 institutional investors urged governments on Thursday to finally take significant action to reduce carbon emissions — the latest in a more than decade-long series of alarms over the threat of global warming.
Banks, insurers, pension funds and other institutional investors managing US$35 trillion in assets called on nations to step up action to tackle climate change and achieve the 2015 Paris Agreement's goals of preventing average global temperatures from rising more than 2 degrees Celsius above pre-industrial levels, or 1.5 degrees C. if possible.
