Policy advocates pressuring policymakers for climate action prior to COP29 summit
The 2024 Global Investor Statement to Governments on the Climate Crisis has been launched, marking a significant push by leading investors to spur governments into action. The initiative, coordinated by The Investor Agenda which includes Ceres, CDP, and the Institutional Investors Group on Climate Change (IIGCC), calls for governments to boost the ambition of their climate commitments leading up to COP29.
Stephanie Pfeifer, CEO of the IIGCC and a member of the Investor Agenda Steering Committee, described the statement as the most ambitious yet. She emphasised the need for clear policy commitments and called for enhanced action on nature and emerging markets finance. Rebecca Mikula-Wright, CEO of the Asia Investor Group on Climate Change (AIGCC) and Investor Group on Climate Change (IGCC), echoed these sentiments, stressing the importance of strong policies for unleashing capital for climate solutions.
The statement has garnered support from over 500 investors, including CalpERS, CalSTRS, CDPQ, many major Asian institutional names, UK's local government pension funds and pools, and some of Europe's largest pension funds and asset managers. The deadline for investors to sign the statement is 1 November 2024.
The group of leading investors is making it clear to governments that the right set of strong policies will be crucial in funding the global economy's climate needs before the 2030 milestone. The statement outlines five key policy areas requiring urgent action: economy-wide public policies, sector-specific strategies, addressing biodiversity and water-related challenges, mandating climate-related financial disclosures, and boosting private investment in climate initiatives in developing economies.
Signatories are demanding governments introduce policies that will enable private capital to drive a transition to a climate-resilient, nature-positive, net-zero economy. The statement will be presented to world leaders at the UN Climate Conference (COP29), scheduled to take place between 11 and 22 November in Baku, Azerbaijan, although the exact date for COP16 is not specified in this context.
The NZI Podcast focuses on climate lobbying in relation to the 2024 Global Investor Statement to Governments on the Climate Crisis. Mikula-Wright stated that the statement is a clear message to governments that the right set of strong policies will be crucial in funding the global economy's climate needs before the 2030 milestone.
The founding partners of The Investor Agenda, a group of influential institutional investors and organisations committed to sustainable investment, are not directly listed in the provided search results. However, their collective efforts demonstrate a commitment to driving meaningful change in the fight against climate change.
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