Climate pragmatism in a fragmented world
Global warming and the unevenness of the energy transition pose both risk and opportunity for finance
Add BT as a preferred source
ACHIEVING net zero as soon as possible is critical for safeguarding our economy and society. Yet, doing so by 2050 through a finance-led transition now seems out of reach. As a result, investment institutions, banks and insurers are getting pragmatic: preparing for the worst while still aiming for the best, under the circumstances.
The circumstances are that our world is increasingly fragmented. Physical impacts differ drastically by location, climate policies differ substantially by markets, as do energy mix and cleantech adoption.
Pinpointing exposures
Glimmers of what “the worst” might look like are coming into view. The cost of hurricanes, severe thunderstorms and floods amplified by a warming climate has topped US$100 billion for five years running.
TRENDING NOW
On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart
MAS, bank CEOs convene over AI cyberthreats; boards told to own risks, not leave to IT teams
Thai and Vietnamese farmers may stop planting rice because of the Iran war. Here’s why
LTA circular to potential EV charger owners reveals hundreds of e-mail addresses under carbon copy feature
