A matter of policy
Large financial investors are lobbying the UK Government for clearer emissions policies in stage II of the European Emissions Trading Scheme, from 2012, according to this report in the Guardian.
“City fund managers are to lobby the government for clarity on emission targets after 2012, claiming the uncertainty surrounding international policy in the future is hampering investment decisions.
The group of 15 investors, led by Insight Investment, which is part of the HBOS banking group, intends to begin discussions as part of a campaign to push climate change up the agenda.
The campaign backed by the investors, who control £850bn of assets between them, aims to encourage companies and governments to reduce global greenhouse gas emissions.”