12.09.19
Tighter Climate Policies Could Erase $2.3 Trillion in Companies Value: Report
by: Ron Bousso
Tighter government climate regulations by 2025 could wipe up to $2.3 trillion off the value of companies in industries ranging from fossil fuel producers to agriculture and car makers, the UN-backed Principles of Responsible Investing (PRI), a group representing investors with $86 trillion of assets under management, said in a report. “As the realities of climate change catch up, social pressure mounts, and low carbon solutions get cheaper, it's highly improbable that governments will be allowed to let the world sleep-walk into greater rises in temperature without being compelled into forceful action sooner,” PRI Chief Executive Fiona Reynolds said. “This poses huge threats for assets and for the wider system.”
Read the full article on Reuters