They said as much and more in a four page Global Investor Statement that outlines what is needed to get there including an end to fossil fuel subsidies, a reduction in greenhouse gases, and policies that support renewable energy development.
This statement adds a heft to those who advocate for a renewable energy future. These money guys do not mess around.
It is not a pipe dream. It is not a fringe "cause". It's a business. It's an industry. Time to leave the deniers and the doubters behind. Some people just don't get it.
Here is an excerpt, in wonderfully dry and serious language, from the investors' statement:
An integrated climate change and clean energy policy framework should include:
Financial incentives that shift the risk reward balance in favour of low-carbon assets. This includes strong and sustained price signals on carbon, well-designed carbon markets and other appropriate incentives to enable private investment in clean energy. An integral part of this should be the removal of fossil fuel subsidies.
Clear short-, medium- and long-term greenhouse gas emission reduction objectives and targets, and comprehensive, enforceable legal mechanisms and timelines for delivering on these objectives and targets.
Comprehensive energy and climate change policies that accelerate the deployment of energy efficiency, cleaner energy, renewable energy, green buildings, clean vehicles and fuels, and low-carbon transportation infrastructure.
Comprehensive policies directed at reducing greenhouse gas emissions from sources other than energy, for example waste, industrial emissions, fugitives, land-use change, deforestation and agriculture.
Policies supporting investment in renewable energy generation, including measures that support the access for electricity generated from renewable energy sources to electricity transmission and distribution infrastructure.
The investors' statement was also covered in Triple Pundit.
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