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 a 50 to 80 percent reduction in emissions by 2050, which aligns with the climate policy favored by US President-elect Barack Obama. These investors also want policymakers to establish long and medium term emission reduction goals for developed countries and to create a more robust global carbon market. US investors, like the California Public Employees' Retirement System, are also advocating for legislation to incentivize the development and use of clean technologies. They have also urged the US Securities and Exchange Commission to require publicly traded companies to disclose climate-related risks, among other factors impacting their business. Mike Taylor, CEO of London Pensions Fund Authority, emphasized the concern of institutional investors regarding climate change risks to the global economy and their investment portfolios. The group of global investors is calling on world leaders to adopt strong policies to facilitate investment in low carbon projects. They are advocating for a new binding agreement to replace the Kyoto Protocol, which established emission reduction targets for industrialized nations. The European Union aims to reduce greenhouse gas emissions by 20 percent and increase the use of renewable energy sources by 2020. The United States stands out from other major industrialized nations by not accepting the Kyoto Protocol, but is currently engaged in talks to develop a new worldwide agreement. Mindy Lubber, the president of Ceres, a coalition of investors and environmental organizations focused on climate change, emphasized the importance of involving the United States in such agreements. A global group of investors is working to ensure their concerns are addressed before the upcoming climate change convention in Poland in December.