Investors managing US$29 trillion call for stronger climate policies – including carbon pricing
Yet it’s estimated that only 1% of global emissions are currently priced high enough to meet the goals of the Paris Agreement.
More than 500 global investors who collectively manage US$29 trillion in assets have asked governments for stronger, “economy-wide” climate policies – including carbon pricing mechanisms – to drive greater investment flows towards the net zero economy.
In the 2024 Global Investor Statement to Governments on the Climate Crisis, 534 financial institutions (including the likes of Aviva, AXA, M&G and Nordea Asset Management) argue that the lack of robust and coherent national climate policies is one of the reasons why investment in clean energy and climate change mitigation still falls short of the level needed to limit the temperature rise to 1.5ºC.
