The statement was signed by 415 investors representing over USD $32 trillion in assets.
415 investors representing over USD $32 trillion in assets released a combined statement at COP24 calling on global leaders to urgently act to fulfill the goals of the Paris Agreement. Among their key principles, the coalition called for strong carbon pricing. Their second principle called on global leaders to:
Accelerate private sector investment into the low carbon transition
■ Incorporate Paris-aligned climate scenarios into all relevant policy frameworks and energy transition pathways
■ Put a meaningful price on carbon
■ Phase out fossil fuel subsidies by set deadlines
■ Phase out thermal coal power worldwide by set deadlines
