A group of 79 corporate executives and investors with $41 trillion under their watch issued separate calls on Thursday for major world leaders to accelerate action on climate change.

Some 450 investors wrote that the countries that take the lead on climate change would become “increasingly attractive” investment destinations, while laggards would find themselves at a competitive disadvantage.

While many countries have pledged to eliminate net carbon emissions by 2050, the Intergovernmental Panel on Climate Change says


emissions must be cut by at least 40% by the end of the decade to keep temperatures in check.