Global institutional investors with over $6 trillion in assets are urging policymakers to quickly come to a binding agreement to reduce greenhouse gas emissions and support clean technology. Over 130 major investors, including London Pensions Fund Authority, are calling for countries to commit to cutting emissions by 50 to 80 percent by 2050, a goal in line with the climate policy endorsed by US President-elect Barack Obama. These investors are also advocating for long and medium term emission reduction targets for developed nations and the expansion of a global carbon market. US investors like the California Public Employees' Retirement System have already been pushing for legislation to encourage clean technology. The US Securities and Exchange Commission has been urged by a group of global investors to require publicly traded companies to disclose climate-related risks, as well as other factors impacting their business. Mike Taylor, CEO of London Pensions Fund Authority, emphasized the importance of addressing climate change risks to the global economy and investment portfolios. The investors are calling on world leaders to implement strong policies to support low carbon investments, and are advocating for a new binding agreement to succeed the Kyoto Protocol climate pact. The European Union has set a goal to reduce greenhouse gas emissions by 20 percent by 2020 and increase the use of renewable energy sources by the same date. The United States is the only major industrialized country that has not accepted the Kyoto Protocol, but is currently engaged in talks to develop a new global agreement. Mindy Lubber, president of Ceres, a coalition of investors and environmental organizations focused on climate change, believes it is necessary for the US to be part of this new agreement. The group of global investors is aiming to have their opinions considered before the upcoming climate change convention in Poland in December.