Financial Soultions: The big guns want firm climate policies.

Sept. 17, 2009 - PRLog -- With more than $13 trillion in assets represented, pension funds, banks and a variety of other investment groups are demanding strong international conformity on climate policy, Financial Soultions has been told.

Over 180 investor groups called for a global goal of emissions reductions of 50 to 85% by 2050, including higher cuts by richer nations, and policies in developing countries to make quantifiable emissions reductions.

A number of investors have protested that until climate policies are approved it will be difficult to finance and invest in billion dollar projects such as nuclear or natural gas-fired power plants.

The investors, Financial Soultions understands are also calling for alterations to the United Nation's Clean Development Mechanism, a Kyoto protocol program, that permits polluters in wealthier nations to claim emission cuts by investing in clean ventures such as small hydropower and alternative energy in developing countries.

This appeal comes ahead of a climate conference at the United Nations next week in which international leaders, including U.S. President Barack Obama and China's President Hu Jintao, 2 of the main non signatories of the Kyoto Accord, are scheduled to discuss tackling climate change. The convention is seen as an opportunity for leaders to break an impasse between rich and poor countries on how to share the burden of cutting emissions blamed for global warming, according to sources known to Financial Soultions.

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