Investors managing $37 trillion in assets urged Japan to slash the country'...
LONDON - 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 galvanize international climate action ahead of a U.N. summit in Glasgow in November.
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. The groups signing the letter said they included more than 630 investors representing about half of the world’s assets under management. Members of the various groupings include BlackRock, insurer Allianz, BNP Paribas Asset Management and CalPERS.
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