Global institutional investors with over $6 trillion in assets have urged policymakers to quickly come to an agreement on reducing greenhouse gas emissions and promoting clean technology. Over 130 major investors, including the London Pensions Fund Authority, are calling for countries to commit to cutting emissions by 50 percent to 80 percent by 2050, aligning with the climate policy favored by US President-elect Barack Obama. Additionally, investors are urging policymakers to establish long and medium term emission reduction targets for developed countries and to expand the global carbon market. US investors, such as the California Public Employees' Retirement System, have also been advocating for legislation to support clean technologies. They have also urged the US Securities and Exchange Commission to require publicly traded companies to disclose climate-related risks in addition to other factors impacting their business. Mike Taylor, CEO of London Pensions Fund Authority, emphasized the concern of institutional investors regarding the risks posed by climate change to the global economy and their portfolios. The group of global investors is calling for strong policies to support capital allocation towards low carbon investments. They are advocating for countries to commit to a new binding agreement to replace the Kyoto Protocol, which established targets for industrialized nations to reduce greenhouse gas emissions. The European Union aims to decrease greenhouse gas emissions by 20 percent by 2020 and increase the use of renewable energy sources such as wind, solar, hydro, wave power, and biofuels by the same deadline. The United States is the only major industrialized nation that has not accepted the Kyoto Protocol, but is actively engaged in talks to create a new global agreement. Mindy Lubber, president of Ceres, a group of investors and environmental organizations focused on climate change, believes it is crucial for the United States to be part of this agreement. The global coalition of investors is aiming to make their concerns known before the upcoming climate change convention in Poland in December.