Figueres urges investors to back RE

UN climate chief Christiana Figueres

UN climate chief Christiana Figueres

The United Nations climate chief Christiana Figueres has urged institutional investors to shift their portfolios away from fossil fuels such as oil and coal, towards promoting cleaner energy such as renewables and greater energy efficiency.

Figueres, executive secretary of the UN Framework Convention on Climate Change, told an investors' conference at the United Nations that their investment decisions should reflect the latest scientific evidence of dangerous climate change to protect the health and financial savings of ordinary citizens well into the future.

She said that the switch to greener investments is essential to tackle climate change. “The continued and dangerous rise in greenhouse gases in the atmosphere is in large part the direct result of past investments in energy and mobility systems based on the use of fossil fuels.”

Figueres says new investments must help reverse “this Log in to read complete article.

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