Moneymoney

Fri Dec 14, 2018, 03:27 PM

Investors who ignore the changing world do so at their own peril.

Politicians around the world stood idle as a real estate bubble, Eurozone debt and other risky financial practices triggered financial crises in 2008 and after.

Now they are failing to address storms, wildfires, droughts and other extreme weather that could precipitate another meltdown, according to more than 400 financiers who manage $32 trillion.

“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,” said the letter signed by pension fund managers, hedge fund traders, insurance executives, venture capitalists and others.

The investors delivered the letter on December 10 to world leaders meeting at COP24, of the United Nations Climate Change Conference, in Katowice, Poland from December 3 to 14.

They noted that, without swift action, global temperatures could rise by 4 degrees Celsius in the next 80 years, triggering changes in the weather, ocean levels, desertification and other changes that could cost $23 trillion in long-term economic losses, mitigation efforts and natural disasters, according to British asset manager Schroders, a signatory to the letter. That cost would be three to four times more than the 2008 crisis

https://www.successfulgreen.com/climate-change-is-driving-the-world-into-financial-crisis-say-investors/

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Reply Investors who ignore the changing world do so at their own peril. (Original post)
orson Dec 2018 OP
uncledad Dec 2018 #1
orson Dec 2018 #2
uncledad Dec 2018 #3

Response to orson (Original post)

Fri Dec 14, 2018, 07:02 PM

1. If people are worried about migration now...

they haven't seen anything like what the indications foretell .........

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Response to uncledad (Reply #1)

Fri Dec 14, 2018, 08:29 PM

2. Del Norte, aqui vamos.

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Response to orson (Reply #2)

Fri Dec 14, 2018, 11:52 PM

3. ...

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Moneymoney