International claim to accelerate investment environment friend
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called on investors and insurance companies manage assets worth more than $ 2.8 trillion , the Group of Twenty to end support for fossil fuels gradually by 2020 , despite the doubts raised by the United States on climate change.
Investors and insurance companies , the Group of Twenty and students need to work to speed up the investment - friendly environment and to reduce the threat to the climate.
This came in a statement signed by 16 of them on the eve of a meeting of foreign ministers of the Group of Twenty two - day meeting in Germany to prepare for a summit of the Group in Hamburg in July.
The signatories added that should the summit put a clear time frame for the full and fair out by all members of the Group of Twenty termination of each support of fossil fuels by the year 2020.
Among the signatories Aviva Investors and KBI Global Investors and Legal & General and Trillium Asset Management.
There were all the countries of the Group of Twenty Paris Convention for 2015 aimed at phasing out the global warming from fossil fuels between 2050 and 2100 , greenhouse gas emissions and the transition to sources of clean energy to avert heatwaves, floods, droughts and rising water level in the oceans.
She said the Group of Seven industrialized nations, including the United States last year that it is committed to phasing out support "inefficient" fossil fuels and called on all States to do so by 2025.
A study prepared in 2015 by the Overseas Development Institute in London and NGOs that support fossil fuels in the countries of the Group of twenty reach $ 444 billion annually.
Concerned in this regard and stresses the importance of joint work between the agencies concerned with energy and their use in countries and coordination in the work under one umbrella to support decision - making on the appropriate energy to achieve the set goals.
The energy sector of the most vital sectors that clearly affect society and the environment and economies of the states require intensified efforts to make the sector more sustainable through the diversification of energy sources and the introduction of more clean energy sources and energy conservation and raise the efficiency of consumption where pour these efforts to save the fortunes the country and to ensure the sustainability and reducing carbon footprint and preserve the environment.[/rtl]