Objective: To increase the level of awareness and investment by institutional investors in technologies that combat global warming; to develop innovative financial mechanisms to allow private capital to flow to clean energy technologies and projects.

Commitment: Ceres, INCR and the UN Foundation have launched an expanded drive to recruit the world's largest investors to deploy over $1 billion in clean technologies to combat climate change, and will invite 50 new major institutional investors to attend a November briefing on the clean energy investment market.

Background: Addressing global climate change, which is caused by man-made emissions of CO2 and other greenhouse gases, will require enormous initiative and an unprecedented mobilization of public and private investment into clean energy and low carbon technologies. The capital managed by institutional investors has not traditionally been invested in these sectors. However, over the past few years, as climate change has received recognition as an increasingly urgent problem, greenhouse gas regulations have taken effect and carbon markets have developed worldwide. The market for clean energy technologies has emerged simultaneously and attracted the interest of investors.

The Institutional Investor Summit on Climate Risk was held at the UN headquarters in May 2005 and attended by over 400 leaders from the financial community. At the event hosted by the United Nations Foundation and Ceres, more than 25 large U.S. institutional investors active in the Investor Network on Climate Risk (INCR) made a commitment to invest $1 billion into clean technologies. At the Clinton Global Inititiative NYC 2005, Ceres, INCR and the UN Foundation launched an expanded drive to recruit the world's largest investors to deploy over $1 billion in clean technologies to combat climate change, and have invited 50 new major institutional investors to attend a November briefing on the clean energy investment market. The goal of the effort is to increase the level of investment and awareness by institutional investors in technologies that combat global warming and to develop innovative financial mechanisms to allow private capital to flow to clean energy technologies and projects.

Partnership Opportunity: We invite companies and investors interested in the clean energy and cleantech marketplace to participate in our conference calls and join our Investor Network on Climate Risk (INCR).

Update:
November - December 2005:
Ceres expanded its outreach to institutional investors and held briefing calls in November and December, 2005. The calls were well attended and showed a significant increase in participation from prior calls. These calls provide critical information to investors interested in investing in the clean energy market and several are allocating investments to the space.