Investors face $1.2T in costs from climate change inaction | Smart Cities Dive

Inaction on climate change could cost the world’s top companies $1.2 trillion over the next 15 years, according to a new report from the United Nations (UN) Environment Finance Initiative project reflecting the input of 20 institutional investors from 11 countries. The report calls on corporations and financial institutions to develop long-range assessments of climate change-associated risks and opportunities. Large portfolios mean many institutional investors “face exposure to risk across sectors, geographies and financial instruments, while at the same time financing the development of the real economy.” Government-driven policies to fight climate change pose risks for the utility, transportation, agriculture and mining sectors. The report recommends that investments in low-carbon technology opportunities can offset the potential losses from those sectors, as well as the high cost of complying with greenhouse gas reduction policies.

Source: Investors face $1.2T in costs from climate change inaction | Smart Cities Dive

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