FOR IMMEDIATE RELEASE
500 global investors to gather at United Nations Summit on Climate Change
Global financial community to discuss actions needed to tackle financial risks, seize economic opportunities posed by climate change
On Wednesday, January 15, 2014, more than 500 global financial leaders will gather at the United Nations to discuss the growing urgency of climate change and investor actions that are needed to mitigate escalating economic risks. The all-day gathering will include key players in the climate debate, including:
- Christiana Figueres, UN Framework Convention on Climate Change
- Tom Steyer, Farallon Capital Management
- Nick Robins, HSBC
- Robert E. Rubin, former Secretary of the U.S. Treasury
- Richard Trumka, AFL-CIO
- Timothy E. Wirth, UN Foundation
PRESS CONFERENCE, 1:00 PM, Press briefing room (2nd floor)
Audio (listen-only): 917-367-4618
Video live-stream: http://webtv.un.org/media/
The media briefing will focus on actions needed to fill the $36 trillion clean energy investment gap in order to limit the impacts of global warming and reduce the threat of carbon asset risk to major oil and gas, coal and electric utilities. Bloomberg New Energy Finance will also announce its 2013 global clean energy investment data.
United Nations Framework Convention on Climate Change, Christiana Figueres, Executive Secretary
Bloomberg New Energy Finance, Michael Liebreich, President
New York State Comptroller, Thomas P. DiNapoli
Ceres, Mindy Lubber, President
ABOUT THE 2014 INVESTOR SUMMIT ON CLIMATE RISK
An additional $1 trillion per year must be invested in clean energy through 2050 in order to achieve the global goal of reducing emissions enough to limit climate change to 2 degrees Celsius. In 2012, however, global investment in clean energy was just $281 billion – far short of what is needed. Investors and other financial leaders are uniquely positioned to lead the way in closing the clean energy investment gap, and continue to seek actionable opportunities to invest profitably in climate and clean energy solutions. Discussions throughout the day will focus on innovations in financing mechanisms for scaling climate and energy solutions; and the business case for supporting comprehensive climate and energy policies around the world. Learn more at http://www.ceres.org/investor-network/investor-summit.
Ceres is a nonprofit organization mobilizing business and investor leadership on climate change, water scarcity and other sustainability challenges. Ceres directs the Investor Network on Climate Risk (INCR), a network of over 100 institutional investors with collective assets totaling more than $12 trillion. Ceres also directs Business for Innovative Climate & Energy Policy (BICEP), an advocacy coalition of nearly 30 businesses committed to working with policy makers to pass meaningful energy and climate legislation. For more information, visit http://www.ceres.org or follow on Twitter @CeresNews.