Ahead of UN climate summit leading investors urge transition to lowcarbon economy

“Gaps, weaknesses and delays in climate change and clean energy policies will increase the risks to our investments as a result of the physical impacts of climate change, and will increase the likelihood that more radical policy measures will be required to reduce greenhouse gas emissions,” said the statement – the largest of its kind by global investors on climate change.The declaration was coordinated by the four investor groups on climate change – Ceres’ Investor Network on Climate Risk (INCR) in the United States, the European Institutional Investors Group on Climate Change (IIGCC), the Investors Group on Climate Change (IGCC) in Australia and New Zealand, and the Asia Investor Group on Climate Change (AIGCC) – with the United Nations Environment Programme Finance Initiative (UNEP FI) and Principles for Responsible Investment (PRI).The groups are urging policymakers to balance difficult trade-offs between a development agenda and environmental concerns. “The perception prevails that we need to choose between economic well-being [and] climate stability. The truth is that we need both,” said Achim Steiner, Executive Director of UNEP.“Having such a critical mass of [investors] demand a transition to the low-carbon and green economy is exactly the signal Governments need in order to move to ambitious action quickly,” he added. According to the International Energy Agency, the world must invest at least an additional $1 trillion per year – a so called “Clean Trillion” – into clean energy by 2050 to limit global warming to 2 degrees Celsius and avoiding the worst impacts of climate change on our environment, health and the global economy. Yet global investment in clean energy was just $254 billion in 2013.Mindy Lubber, director of INCR and president of the US-based non-profit sustainability advocacy group, Ceres, said that the financial community has a message for heads of state gathering at the United Nations next week.“We cannot afford to wait any longer for a climate deal,” she said, emphasizing that unmitigated climate change puts investments at risk.Investors are already taking action on climate change, from direct investment in renewables to company engagement and reducing exposure to carbon risk, pointed out Stephanie Pfeifer, Chief Executive of IIGCC. But to invest in low carbon energy on a larger scale requires stronger policies. Next week’s climate summit presents an opportunity for policymakers to ensure pockets of climate leadership turn into mainstream actions.“The time is now for national governments to overcome the political obstacles that prevent global carbon pricing and hinder long term capital flows into climate mitigation and adaption,” said Fiona Reynolds, managing director of PRI. Alongside the statement, investors also published a report detailing actions they are already acting on climate change – including through the creation of low carbon funds, company engagement, and reducing exposure to fossil fuel and carbon intensive companies. UNEP FI is a global partnership between the agency and the financial sector. Over 230 institutions, including banks, insurers and fund managers, work with UNEP to understand the impacts of environmental and social considerations on financial performance. read more

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Mother forced to undergo two rounds of chemotherapy after being wrongly diagnosed

Leanne Cockayne “During my second round of chemo, I had to go down to Bristol for a pre-op consultation,” she said. Leanne CockayneCredit: Caters News Agency “They requested blood samples from me and my original biopsy sample from RD&E hospital.It was later confirmed that she was suffering from Sweet’s Syndrome.Since the incorrect diagnosis there was been an external investigation into why this happened, and has received support from the hospital following the ordeal.A spokesperson for Royal Devon and Exeter hospital said: “We are deeply sorry to Leanne and her family and for the error that led to her having unnecessary treatment and the very significant impact this has had on their lives.”We take great care to avoid clinical errors because of the impact these can have on people’s lives and misdiagnoses of this kind are extremely rare.”Following this case a full investigation was carried out to make sure we learn lessons to minimise the risk of such incidents happening again. We continue to provide care to Leanne and we will be contacting her again to make sure she continues to get as much support as possible.” The symptoms first arose after the birth of her first child A mum-of-two who was wrongly diagnosed with cancer and given intensive rounds of chemotherapy has now been told that she actually has a non-life threatening skin condition.Leanne Cockayne, 40, from Tiverton, Devon, was incorrectly diagnosed with leukaemia – and went completely bald after undergoing harsh treatment – was later told she had a condition known as Sweet’s Syndrome.Following the wrong diagnosis February 2016, Mrs Cockayne endured two rounds of chemotherapy and was even nearly made to have a bone marrow transplant.The symptoms first arose after the birth of her first child, Darcy, now five, when Mrs Cockayne began to suffer with several different health complications including arthritis lesions on her hands and a pulmonary embolism.This led doctors to believe that she had cancer for four months before a doctor from a different hospital discovered the mistake.After giving birth to her daughter Darcy Mrs Cockayne though her Crohn’s disease had resurfaced after suffering with a fever and feeling exhausted. To help with the Crohn’s Disease and other symptoms, she was put on chemo grade medication by Doctors at Royal Devon and Exeter Hospital [RD&E] only to find it wasn’t helping her symptoms.Following this, she had biopsies on the lumps on her hands to try and distinguish the cause. Following the second biopsy, the results showed the bone marrow was okay but that there were abnormal cells in her skin which suggested she had Acute Myeloid Leukaemia cutis.She added: “All I could say was, ‘are you joking?’ – I didn’t understand how it could have gone from a Crohn’s flare up to leukaemia.”The consultant said he could see it under the microscope and he was ‘100 per cent sure’ meaning there was no argument to it.”My bone marrow was clear but they said the max time to hit the marrow was 12 months so they had to act very quickly – I had a 50/50 chance if I did intensive chemotherapy and a bone marrow transplant.”It was devastating, especially as my daughter, who was two at the time, probably wouldn’t remember me if I died.”Following the diagnosis, Mrs Cockayne was to begin chemotherapy as soon as possible.After her first round, the lumps on her hands returned, causing her to need another round of stronger, longer chemotherapy as doctors said the first round hadn’t worked at all and the ‘cancer’ was in fact worse.After two rounds of chemotherapy, numerous bone marrow biopsies, two stints in isolation and in intensive care due to kidney failure, Mrs Cockayne got some very different news from a doctor at Bristol. The symptoms first arose after the birth of her first child At her appointment at the hospital, the couple were informed they had found something that could have been an indicator of issues with her bone marrow. Want the best of The Telegraph direct to your email and WhatsApp? Sign up to our free twice-daily  Front Page newsletter and new  audio briefings. read more

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