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Global Investors Urge G7 to Stand by Paris Agreement

The Group of 7 (G7), which includes Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States, has an upcoming summit in Italy on May 27-27, 2017.

A group of Institutional investors representing more than 15 trillion in assets, have written to the heads of the G7 urging them to stand by their commitments to the Paris Agreement, an agreement within the United Nations Framework Convention on Climate Change (UNFCCC) dealing with greenhouse gases emissions mitigation, adaptation and finance.

The global letter and briefing paper urge the G7 nations to uphold the global climate pact and implement their emissions reduction commitments. 

Recent events in the United States are adding to concerns.  According to Mindy Lubber, CEO and President of Ceres, “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.”

You can find a link to the post, letter and briefing paper here. 

 

Read 353 times Last modified on Tuesday, 09 May 2017 11:19
Tuesday, 09 May 2017 09:22

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