Finance
18:47 26 July 2020
Post by: WBJ

Climate change becomes systemic threat to economy: investors

Climate change becomes systemic threat to economy: investors
Source: Pxfuel

Investors fear that if regulators fail to act, climate change risks causing a sudden drop in the prices of some companies, which will negatively affect the economy. It threatens to create chaos in financial markets. Financial regulators should therefore act in such a way that we do not allow an economic catastrophe to occur, wrote in an open letter a group of several dozen American investors managing assets worth a total of almost $1 trillion. 

Large US fund managers believe companies should disclose more information, including on the greenhouse gases they emit. They conceive that with such information, investors will be able to make better decisions. In their opinion, greater transparency may also have a motivating effect on companies that did not care about the climate and the effects of global warming.

The financial risks, coupled with the physical dangers of climate change, could, in their opinion, have "catastrophic consequences that we have never experienced." Investors called on the Fed, the Securities Commission (SEC) and other institutions to make their actions take into account the phenomenon of climate change. The content of the letter was described by The New York Times daily.

(Business Insider


climate change
fed
sec
regulators

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