How the finance sector is underestimating the risk on climate
Arte capital markets and pension funds really taking the issue of climate change seriously enough. No, says Steve. That’s because they have been listening to economists not scientists.
Debunking Economics - the podcast · Steve Keen & Phil Dobbie
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Show Notes
Recently Steve was commissioned to write a report for Carbon Tracker, an independent think tank offering in-depth analysis of the impact of climate change and energy transition on the finance industry. Inside “Loading the DICE Against Pensions” he looks at the reasons why pension funds have vastly underestimated the impact of climate change on investments. He talks through the issues with Phil, who asks, even if we know how bad the situation is, how will it change where we put our money?
You can download the full report here: https://carbontracker.org/reports/loading-the-dice-against-pensions/
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