Investors Pledge $10 Billion To Fight Global Warming

February 17, 2008

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U.S. institutional investors pledged to invest $10 billion over two years in technologies that aim to reduce greenhouse gas emissions and to pressure companies to disclose their risks associated with climate change, Reuters reports.

Hundreds of investors at the U.N. summit searched for answers on how to put a price on carbon emissions and how to blunt the economic cost of cutting carbon emissions.

“As soon as people believe carbon has a price, it’s going to have a price,” said venture capitalist Vinod Khosla.

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