Investors call for ambitious climate change commitments in Paris
Praxis signs investor statement supporting governments in climate change actions
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.