Sustainability: Global investors say lack of climate action risks financial crash

Sustainability: Global investors say lack of climate action risks financial crash

Global investors managing a combined $32 trillion in assets warned negotiators at the UN climate summit that the lack of action on climate change could provoke a financial crisis much deeper than the 2008 meltdown. For instance, investment firm Schroders said that the global economy could see losses of $23 trillion in the long run without rapid action. On the contrary, a rapid clean energy transition could result in enormous benefits. “The low-carbon economy presents…

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What climate talks in Paris will mean: The Economist explains…

In December 2009, during climate talks held under the UN Framework Convention of Climate Change (UNFCCC) in Copenhagen, negotiators failed to forge an international agreement. Hopes had been high: Barack Obama’s election meant many expected America to power negotiations. Instead, alongside Brazil, South Africa, India and China, America reached a non-binding deal on the side.

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