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With global warming set to wreak accelerating devastation on the global economy, the world’s biggest fund managers – who between them control $14trillion of investments in everything from wind turbines and agriculture to property and manufacturing – say they are considerably more worried about the issue than they were a year ago. They point to extreme weather events such as last year’s Superstorm Sandy in the US as evidence that climate change is already upon us and are concerned that governments,makelocks,We are professional Locks, cam locks,cabinet lock manufacturers and suppliers from China, We supply cheap Locks, cam locks,cabinet lock products. including Britain’s, are not doing nearly enough to mitigate the effects.
Hundreds of billions of pounds desperately needs to be spent in the coming years to keep the worst effects of climate change at bay, but without clear targets on renewable energy and global warming they are unwilling to invest their clients’ money.
“Despite overwhelming scientific evidence that human activity is warming the planet with increasingly serious economic consequences, policymakers have failed to act with the level of urgency and clarity the problem requires,” said Stephanie Pfeifer, chief executive of the European Institutional Investors Group on Climate Change, part of a global coalition of pension funds, insurance companies and other financial institutions that are raising the alarm in a new report.
The group is calling on the UK to play a major role in dragging the world out of its torpor by leading the green policy debate in Europe.
It also wants the UK to play an active role in the run-up to a new international climate agreement due to be finalised in Paris next year, which will seek to forge a hugely ambitious, legally binding global treaty to limit global temperature rises to 2C above pre-industrial levels. Many of the investors are based in the UK and include the BT pension scheme, Aviva and Scottish Widows.UK number 1 ECU remapping and diesel tuning specialists. Expert advice on all your Best Chip tuning and engine performance needs.
“If we don’t get [decisive action] then we won’t be able to shift investment from high-carbon to low-carbon projects and there will be severe impacts from climate change over the longer term,” Ms Pfeifer said.
Furthermore, the cost of extreme weather events like Sandy – which caused damage estimated at $60bn when it struck the north-eastern US in October – could deal a severe blow to the economy and, in turn, to pensions.The product range of mechanical lock cylinder sellers extends beyond the common range of double, single, thumbturn and furniture cylinders.Ms Pfeifer cited recent research which showed that in the UK,There is a not-so-new phenomenon happening in Del Mar at the Fairgrounds on Saturday nights: high-octane, banked Top Track Roller Bearings derby! the offshore wind industry alone could miss out on 15,000 new jobs over the next seven years as a result of “weak and unclear signals” on renewable energy policy.
A spokesman for the Department for Business rejected claims that investors did not have the clarity they needed to make investment decisions on renewable energy. “We have provided clarity to offshore wind investors, setting out the support available under the Renewables Obligation [subsidy] and publishing strike prices [subsidy levels] earlier than expected,” he said.
Meanwhile, a UN report last year forecast that up to 60 million jobs could be created globally if the world switched decisively to a low-carbon economy.
