In anticipation of the United Nations Climate Change Conference in Paris in early December 2015, over 400 investors – including Praxis Mutual Funds® – signed the Global Investor Statement on Climate Change calling for an ambitious global agreement on climate change. With more than $24 trillion of assets, this is the largest-ever number of investors supporting government action on climate change.
The statement highlights the significant gap between the amount of money required to finance the transition to a low-carbon and climate-resilient economy and the amount currently being invested. For example, the goal of the climate change conference is to limit the rise in global temperate to 2 degrees Celsius. The International Energy Agency estimates that meeting this goal will take an additional $1 trillion a year in additional clean energy investments between now and 2050 – on top of the current level of $250 billion per year.
The statement details how investors can increase their low-carbon and climate-resilient investments, and offers practical proposals on how that contribution may be accelerated and increased through appropriate government action.