Funds Europe: A group of over 500 institutional investors has called on world governments to step up their efforts in tackling climate change. The coalition – with $35 trillion (€31.6 trillion) in assets under management (AUM) – has urged world leaders to phase out coal power, put a “meaningful price” on carbon pollution, end subsidies for fossil fuels, as well as update and strengthen commitments to meet targets set by the Paris Agreement.