The Financial Climate Has Reached a Tipping Point
Having witnessed the turmoil of the COVID-19 crisis, markets are focusing more than ever on the risks posed by climate change. In fact, it is now governments that are lagging behind in facilitating the financial industry's long-awaited shift toward more environmentally attuned standards and investment decisions.
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LONDON – The COVID-19 pandemic is sharpening financial markets’ understanding of the need to address looming threats like climate change. This will likely be the year when investors and financiers decide to mainstream climate-transition analysis in their portfolios. Policymakers must recognize that markets are moving far faster than they are on this critical front.