ESG & Investing
LGIM Warns Investors All Asset Classes Face Transition Fallout
Legal & General Investment Management says costs for technologies, such as renewable energy and electric vehicles, have fallen sharply over the past decade.
A solar farm in Port Bonython, Australia
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Every asset class is likely to be affected by the impacts of climate change, with the speed of the transition rather than the cost becoming the key issue, according to Nick Stansbury, the head of climate solutions at Legal & General Investment Management.
“The energy transition is one of the most important and underrated drivers of future asset prices,” he said. “We struggle to find a financial instrument somewhere in the world that won’t be affected in some way by climate change and the energy transition.”