UNITED NATIONS (AN) — More than 500 institutional investors urged governments to finally take significant action to reduce carbon emissions — the latest in a more than decade-long series of alarms over the threat of global warming.
Banks, insurers, pension funds and other institutional investors managing $35 trillion in assets called on nations on Thursday to step up action to tackle climate change and achieve the 2015 Paris Agreement's goals of preventing average global temperatures from rising more than 2° Celsius above pre-industrial levels, or 1.5° C. if possible.
