The source for this is 2018 GLOBAL INVESTOR STATEMENT TO GOVERNMENTS ON CLIMATE CHANGE; a statement is signed by 415 investors representing over USD $32 trillion in assets. $32T is a genuinely large number, possibly around 1/3-1/2 of total assets under management, based on a quick skim. But of course they say nothing about 2008, nor a crash. They say the rather more measured Investors are taking action on climate change. The global shift to clean energy is underway, but much more needs to be done by governments to accelerate the low carbon transition and to improve the resilience of our economy, society and the financial system to climate risks.
As far as I can tell, the Graun has simply made up the stuff about 2008 and so on.
What actions do they recommend? Skipping the wurble, and leaving out the transparency-in-reporting, the substance looks to be:
* Accelerate private sector investment into the low carbon transition
* Incorporate Paris aligned climate scenarios into all relevant policy frameworks and energy transition pathways
* Put a meaningful price on carbon
* Phase out fossil fuel subsidies by set deadlines
* Phase out thermal coal power worldwide by set deadlines.
Apart from the second point (and to a lesser extent the last one; thermal coal should simply die of it's own uneconomic nature, if people stop propping it up), that all looks perfectly sensible.
* Sixteen Tons by Tennessee Ernie Ford - via TF.
* RS's version :-)