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 the London Pensions Fund Authority, are calling for countries to commit to cutting emissions by 50-80% by 2050, aligning with the goals of US President-elect Barack Obama. They are also advocating for long and medium term emission reduction targets for developed nations and a more robust global carbon market. US investors, like the California Public Employees' Retirement System, have been advocating for legislation to advance clean technologies. They have also urged the US Securities and Exchange Commission to require publicly traded companies to disclose climate-related risks as well as other factors that impact their business. Mike Taylor, chief executive of London Pensions Fund Authority, stated that as institutional investors, they are worried about the risks posed by climate change to the global economy and their diverse portfolios. He emphasized the need for strong policies to support investments in low carbon projects. The group of global investors is pushing for a new binding agreement to follow the Kyoto Protocol, which mandated industrialized countries to reduce greenhouse gas emissions. The European Union has set a goal to reduce greenhouse gas emissions by 20 percent and increase the use of renewable energy sources by 2020. The United States is the only major industrialized country that has not accepted the Kyoto Protocol, but is currently engaged in talks to create a new international agreement. Mindy Lubber, the president of Ceres, a coalition of investors and environmental organizations focused on climate change, believes it is important for the United States to be part of this agreement. A global group of investors is working to ensure their views are considered prior to a climate change convention in Poland in December.