ESG Currents: To the Extent that Matters for Investors, Climate Risk is Already Priced In
ESG Currents
To the Extent that Matters for Investors, Climate Risk is Already Priced In
Two experts, one question: is climate risk already priced in? On this week’s episode of ESG Currents, Bloomberg Intelligence EMEA ESG Integration Analyst Grace Osborne hosts an Oxford-style debate, joined by Dr Jakob Thomae, Co-Founder and CEO of Theia Finance Labs, arguing for the motion, and Dr Ben Caldecott, founding Director of the Oxford Sustainable Finance Group and a Coordinating Lead Author on finance for the IPCC’s Seventh Assessment Report, arguing against. From green tech outperformance to central bank stress tests, the signals are mixed. While greater information availability may help investors price climate risk, radical uncertainty—from second-order effects to tipping points—remains far harder to capture. This episode was recorded on March 3.
Apr 22, 2026