by Rachel Koning Beals, Market Watch Highlights A new report from Ceres examines the wide-ranging and compounding impacts of the climate crisis on U.S. financial markets. Due to climate change, the United States has spent $1.7 trillion on over 265 extreme weather events since 1980 and has seen economic losses of more than $500 billion … Read more
by Mathieu Benhamou, Emily Chasan and Saijel Kishan, Bloomberg Highlights: Environmental, Social and Governance (ESG) Funds are gaining popularity as sustainability-focused investing becomes the new trend. Big funders are focused on investing in companies that tackle energy efficiency and minimize environmental impact Tech, healthcare, and financial services companies are some of the top ESG funds, as their … Read more
by Jana Randow, Bloomberg Green, January 20, 2020 Highlights: Climate change threatens to provoke “green swan” events that could trigger a systemic financial crisis unless authorities act against such risks, according to the Bank for International Settlements Many central banks already contribute to the effort by monitoring climate-related risks through stress tests, incorporating environmental, social … Read more
