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  • 17/11/2010

This document contains the statement which was signed by 259 investors from North America, Europe, Asia, Australia, Latin America and Africa with collective assets totaling over $15 trillion in assets. It is the largest-ever group of investors to call for government action on climate change. The statement calls for the following domestic policies in both developed and developing countries: 1- Short-, mid- and long-term greenhouse gas reduction targets 2- Energy and transportation policies to accelerate deployment of energy efficiency, renewable energy, green buildings, clean vehicles and clean fuels; 3- Strong and sustained price signals on carbon emissions and well-designed carbon markets; 4- Phase out fossil-fuel subsidies, as agreed to by G-20 leaders in 2009; 5- Adaptation measures to reduce unavoidable climate change impacts, and; 6- Corporate disclosure of material climate-related risks. The statement also outlines areas where investors hope to see agreements or progress in Cancun. The statement was produced by the Institutional Investors Group on Climate Change (IIGCC), the Investor Network on Climate Risk (INCR), the Investor Group on Climate Change Australia / New Zealand (IGCC), and the Untied Nations Environment Programme Finance Initiative (UNEPFI), and is supported by the Principles for Responsible Investment Advisory Council. For full text: http://www.ceres.org/Page.aspx?pid=1293

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