Climate Changed
Stalling on Climate Change Action May Cost Investors Over $1 Trillion
- UN-led assessment by investors includes guide to cut risk
- Investments seen changing in value on different warming levels
Photographer: Michael Bocchieri/Getty Images
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Delays in tackling climate change could cost companies about $1.2 trillion worldwide during the next 15 years, according to the United Nations.
That’s the preliminary analysis of a UN Environment Finance Initiative project that brought together 20 global fund managers to measure the impact of climate change on 30,000 of the largest listed companies. The group has created a guide for investors to assess how their holdings would respond to different levels of global warming and policy making.