"Global Investors Call for Action on Serious Climate Danger"

"A coalition of the world's largest investors called on governments on Tuesday to ramp up action on climate change and boost clean-energy investment or risk trillions of dollars in investments and disruption to economies."

"In an open letter, the alliance of institutional investors, responsible for managing $22.5 trillion in assets, said rapidly growing greenhouse gas emissions and more extreme weather were increasing investment risks globally.

The group called for dialogue between investors and governments to overhaul climate and energy policies.

The call comes less than a week before major U.N. climate talks in Doha, Qatar. Almost 200 nations will meet in Doha from November 26 to December 7 to try to extend the Kyoto Protocol, the existing plan for curbing greenhouse gas emissions by developed nations that runs to the end of 2012."

David Fogarty reports for Reuters November 21, 2012.
 

Source: Reuters, 11/21/2012