Climate Change, Sustainable Development and Investors: More Risks, More Opportunities through Better Governance
The world can deal with the potentially catastrophic risks of climate change only by changing the pattern of investment in the global economy to climate-friendly activity. But to do that, a different set of risks have to be addressed, the risks perceived by investors to be inevitable in new technologies and new geographies, often in both at the same time. Increased transparency of climate risks and the gradual greening of the global financial system are helpful trends.