Climate Risk May Hit Portfolios Hard Now, Cambridge Study Finds
- Model equity portfolios declined 45% over five years
- Most investors `discounting the short-term' impact of warming
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Equity portfolios may lose as much as 45 percent of their value due to shifting investor sentiment about climate change, according to a report by Cambridge University’s Institute for Sustainability Leadership.
Investors are becoming more aware of the short-term impact that the warming planet may have upon financial markets, affecting the value of holdings in portfolios modeled over five years, according to the report released Thursday.