Investors Turn up Heat on Governments Ahead of COP27

In the run up to COP27, more than 500 institutional investors have joined forces to urge governments to step up climate policy ambition. The 2022 Global Investor Statement, signed by 532 investors representing US$39 trillion, advocates for governments to enact policies that would leverage the private capital required to effectively address the climate crisis. The statement calls for governments to raise their climate ambition in line with the goal of limiting global temperature rise to 1.5°C by mandating climate transition plans from investors, as part of increased climate disclosure regulation of the finance sector alongside that being introduced for companies. New policy areas not addressed in previous statements include a focus on tackling methane pollution, climate adaptation and resilience, and scaling up climate finance for developing countries. Investors recommend governments urgently implement five priority policy actions that will allow them to invest the trillions needed to respond to the climate crisis: ensuring 2030 targets in Nationally Determined Contributions align with limiting global temperature rise to 1.5°C; implementing domestic policies across the real economy and take early action to ensure that 2030 GHG emissions are aligned with the 1.5°C goal; contributing to the reduction in non-CO2 emissions and supporting implementation of the Global Methane Pledge; scaling up the provision of climate finance from the public and the private sectors for mitigation, adaptation and resilience; and strengthen climate disclosures across the financial system.

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