international climate policy

Climate change poses a wide-ranging danger to the entire global economy. As such, even the most diversified investors cannot ignore the risks of climate change. Leading long-term focused investors, including the California Public Employees’ Retirement System (CalPERS), have taken decisive action to wield their economic influence in support of climate mitigation efforts. To date these have stopped short of divesting from fossil fuels, though the fund should re-consider divestment in light of the fiduciary risk that policy changes might pose to the fossil fuel industry.