Investors urge G20 nations to ratify Paris climate deal this year


  • World
  • Wednesday, 24 Aug 2016

An apple marked with the logo of the World Climate Change Conference 2015 (COP21) is seen in this illustration picture at Laquenexy Fruit Gardens, near Metz, eastern France, November 3, 2015. REUTERS/Christian Hartmann

OSLO (Reuters) - Investors managing more than $13 trillion (9.8 trillion pounds) of assets urged leaders of the Group of 20 on Wednesday to ratify a global climate deal by the end of 2016 and to step up efforts to shift from fossil fuels.

A total of 130 investors, grouped in six coalitions, wrote a letter to G20 leaders and also called on them to double global investment in clean energy, develop carbon pricing and phase out fossil fuel subsidies.

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