Together they manage 22.5-trillion dollars in assets. Collectively, they're calling for governments to implement what they term, "investment grade climate policy."
The group is calling for a dialogue between investors and governments on seven points.
1. Identify policies that promote low-carbon investment and discourage high-carbon investment;
2. Reinforce reliability and predictability in climate and clean energy policy;
3. Identify steps governments can take to improve climate policies, focusing on investment in greenhouse gas emissions mitigation;
4. Find ways to bolster the effectiveness and spread of carbon markets;
5. Work toward stronger international agreements on emissions reductions;
6. Focus public and private sector collaboration on deployment of private capital on climate solutions, and;
7. Phase out subsidies for fossil fuels that remain six times greater than subsidies for alternative, clean energy.
Money talks. Maybe.