Global institutional investors with over $6 trillion in assets are urging policymakers to quickly reach 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. These investors are also advocating for long and medium term emission reduction targets for developed countries 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 requested the US Securities and Exchange Commission to mandate that publicly traded companies disclose climate-related risks, in addition to other factors impacting their business. Mike Taylor, CEO of London Pensions Fund Authority, expressed concerns about climate change risks to the global economy and portfolios of institutional investors. He emphasized the need for strong policies to facilitate investment in low carbon initiatives. The group of global investors is advocating for a new binding agreement to replace the Kyoto Protocol, which established targets for reducing greenhouse gas emissions in industrialized countries. The European Union aims to reduce greenhouse gas emissions by 20 percent by 2020 and increase the use of renewable energy sources in their energy mix by the same date. The United States is the only major industrialized nation that has not accepted the Kyoto Protocol, but is currently engaged in talks to create a new global agreement. Mindy Lubber, president of Ceres, a coalition of investors and environmental groups focused on climate change, believes it is important for the US to be part of this agreement. The group of global investors is aiming to have their input considered before the upcoming climate change convention in Poland in December.