Only when the wealthy decide something needs to be done about climate change...

...will it get done. Hopefully, they are starting to come around.


https://www.cnn.com/2018/12/10/business/climate-change-investors-cop24/index.html


Investors with $32 trillion at stake sound the alarm on climate change

By Ivana Kottasová, CNN Business

Updated 10:48 AM ET, Mon December 10, 2018

London (CNN Business)- Investors managing assets worth $32 trillion have called on governments and businesses to step up efforts to tackle climate change.

A group of 415 investors warned Monday of an "ambition gap" between steps governments have promised to take, and the actions needed to meet goals set out in the Paris climate agreement.

The statement from the Institutional Investors Group on Climate Change has been endorsed by financial heavyweights including HSBC (HSBC), Nomura Asset Management and UBS Asset Management.

The group, which controls assets worth more than twice the value of the Chinese economy, claims that its push is the single largest policy intervention from investors on climate change.