Local firefighters Richard LeBlanc and Richard Devlin respond to a house fire in the aftermath of Hurricane Delta in Lafayette, Louisiana, October 11, 2020.

Adrees Latif | Reuters

LONDON — Climate change is increasingly influencing investment decisions, but it also poses certain risks to financial stability that are not being taken completely seriously, experts have told CNBC.

People are now much more aware of the issue, even those who have savings invested in carbon intensive companies, Yannis Dafermos, a lecturer at SOAS University of London, told CNBC. He added that as a result “they also realize they might face some financial losses, if they don’t do anything.”

As a result of the increased climate awareness, “there is now more pressure for instance on institutional investors and pension funds to adjust to the new reality,” Dafermos added.

Investments in ESG funds (which put either environmental, social or governance criteria at…

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