The investor groups, made up of the Investor Network on Climate Risk (INCR), Institutional Investors Group on Climate Change (IIGCC), the Investor Group on Climate Change (IGCC) claimed that “investors, businesses, and governments cannot wait for a global treaty before taking action,” and released a document guiding governments on how to initiate investor participation in a low-carbon economy, entitled Investor Statement on Catalyzing Investment in a Low-Carbon Economy.