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Page 2 - Prince Charles lead ‘P8’ pensions powerhouse finalises climate change report
Globally, the amount of money needed to meet carbon reduction targets has been estimated in the trillions of dollars with pension funds considered a prime source of potential investment. Their long-term investment horizon is seen as ideal for investing early and consistently in the companies that will produce profitable clean energy solutions. Prince Charles has taken an increasingly personal interest in climate change issues and how they can be solved with the help of institutional financial capital in the last year.
In September, 2007 he brought together a group of 37 UK insurance companies to launch ClimateWise, an initiative to tackle climate change and encourage responsible environmental behaviour by insurance clients.
Launching that inititiative, Prince Charles, said: “We have to think of this as if we were in a wartime situation. If you don’t believe it, just watch Al Gore’s film.”
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