Despite the global economic crisis and increased market volatility, the world's largest investors have urged governments and international policy makers to take new steps to counter climate change. In a joint statement, the group of 285 investors, representing more than $20 trillion in assets, stressed the urgent need for policy action to stimulate private sector investment into climate change solutions, and to create jobs to ensure the long term sustain-ability and stability of the world economic system. Investor support for climate action has more than doubled since November 2008, when 150 investors with $9 trillion in assets under management first came together to urge government leaders to act on climate change.
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