Climate Change Poses ‘Systemic Threat’ to the Economy, Big Investors Warn – The New York Times
Credit: Leah Millis/Reuters.
Article Synopsis – A letter signed by a group of large investors representing $1 trillion in assets urged “the Federal Reserve and other regulators to act on climate change to avoid economic disaster”. According to the investors, “the climate crisis poses a systemic threat to financial markets and the real economy, with significant disruptive consequences on asset valuations and our nation’s economic stability, which, combined with physical threats, may create disastrous impacts the likes of which we haven’t seen before”. To read the actual article click here.