Investors urge Japan to strengthen climate targets ahead of U.N. summit

(Reuters, 17 Feb 2020) While Britain and much of the European Union aim to cut carbon emissions to net zero by 2050, Japan is the only G7 nation still building new coal-fired power plants

LONDON, Feb 17 (Reuters) - Investors managing $37 trillion in assets urged Japan to slash the country's carbon emissions, saying on Monday that a strong signal from Tokyo could help galvanise international climate action ahead of a U.N. summit in Glasgow in November.

Institutional investors, traditionally wary of singling out governments for criticism, are starting to subject policymakers to greater public pressure amid mounting fears over the risks that climate change poses to global markets.

While Britain and much of the European Union aim to cut carbon emissions to net zero by 2050, Japan is the only G7 nation still building new coal-fired power plants, drawing criticism from climate campaigners.

External link

Reuters, 17 Feb 2020: Investors urge Japan to strengthen climate targets ahead of U.N. summit

More Related News

Cop26

21 Dec 2021: How the Glasgow Dialogue can deliver finance for victims of the climate crisis

20 Dec 2021: Three ways the Glasgow joint declaration can accelerate US–China climate cooperation

13 Dec 2021: Who will be the judge of countries’ climate plans?

3 Dec 2021: Green business after COP26

2 Dec 2021: UK must ‘walk the talk’ on climate action, say official advisers

2 Dec 2021: Renewable energy has ‘another record year of growth’ says IEA

23 Nov 2021: The street and the boardroom are closer than they have ever been on climate

22 Nov 2021: The ocean is essential to tackling climate change. So why has it been neglected in global climate talks?

22 Nov 2021: Nigeria commits to annual carbon budgets to reach net zero under climate law

18 Nov 2021: ANALYSIS-Coal power stand at COP26 climate talks lends India time to transition

18 Nov 2021: Climate-vulnerable nations call for help forcing high emitters to act