We’re one of the 587 investors who have signed the 2021 Global Investor Statement to Governments on the Climate Crisis.
Ahead of COP26, as a collective, we’re asking governments for robust climate policies that will support the transition to a net zero future for people, planet and economies. Together, we’ve asked governments to undertake 5 priority actions in 2021
1. Strengthen their NDCs for 2030 before COP26, to align with limiting warming to 1.5 degrees Celsius and ensuring a planned transition to net zero emissions by 2050 or sooner.
2. Commit to a domestic mid-century, net zero emissions target and outline a pathway with ambitious interim targets including clear decarbonization roadmaps for each carbon-intensive sector.
3. Implement domestic policies to deliver these targets, incentivize private investments in zero emissions solutions and ensure ambitious pre-2030 action through: robust carbon pricing, the removal of fossil fuel subsidies by set deadlines, the phase out of thermal coal-based electricity generation by set deadlines in line with credible 1.5 degrees Celsius temperature pathways, the avoidance of new carbon-intensive infrastructure (e.g. no new coal power plants) and the development of just transition plans for affected workers and communities.
4. Ensure COVID-19 economic recovery plans support the transition to net zero emissions and enhance resilience. This includes facilitating investment in zero-emissions energy and transport infrastructure, avoiding public investment in new carbon-intensive infrastructure and requiring carbon-intensive companies that receive government support to enact climate change transition plans consistent with the Paris Agreement.
5. Commit to implementing mandatory climate risk disclosure requirements aligned with the Task Force on Climate-related Financial Disclosures (TCFD) recommendations, ensuring comprehensive disclosures that are consistent, comparable, and decision-useful.
The 2021 Global Investor Statement can be read here.