Global statement on a sustainable economic recovery from the Covid-19 Pandemic
In response to the impacts of the coronavirus pandemic, IIGCC along with other global investor groups, has published a statement to governments setting out ways to ensure the economic response to the corona pandemic is sustainable, helps address climate change and supports action to achieve net zero emissions.
The launch of the statement, with other founding partners of the Investor Agenda, comes at a critical time, as governments begin to turn their attention from ensuring populations are safe to planning the necessary steps to address the subsequent global economic downturn expected.
The statement conveys strong support for longer-term economic stimulus spending in supporting green industries and infrastructure and avoiding further carbon lock-in. It is vital that both climate-related economic and financial risks, as well as the huge investment opportunities presented by the global transition to a net zero emissions economy significantly shape economic recovery packages.
IIGCC co-leads the global policy work of The Investor Agenda and supported development of the statement. The Investor Agenda has been developed by seven Founding Partner investor groups: Asia Investor Group on Climate Change, CDP, Ceres, Investor Group on Climate Change, Institutional Investors Group on Climate Change, Principles for Responsible Investment and UNEP Finance Initiative.
The Net Zero Investment Framework: Supplementary Target Setting Guidance