Investors are urging greater clarity from key industrialised nations on policies addressing climate change.
The call, in an open letter, comes as leaders of G8 most industrialised nations are to meet in Germany.
"Climate change brings significant opportunities and risks for us investors," say the 17 signatories, which hold 3 trillion euros in assets.
The only international climate change deal - the Kyoto protocol - expires in 2012. The US never ratified it.
Policy framework
Scientific evidence shows that temperatures will increase by 1.8 and 4 degrees Celsius this century, as a result of increased carbon emissions.
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