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Beyond horizon - The price of the future (Pictet Wealth Management)
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Dealing with the impact of climate change
Climate change is not new. The potential link between CO2 emissions and global warming was suggested as early as 1896 by Svante Arrhenius, a Swedish scientist. Levels of CO2 in the atmosphere began to be recorded by Charles David Keeling in 1958, laying the foundation for seminal scientific works that have firmly linked increases in global temperatures to greenhouse gas concentrations. And yet, only now are many investors truly waking up to the potential consequences of climate change.
Some of its impact is already palpable. The average global temperature has already risen about 1oC above pre-Industrial Revolution levels(1), precipitation patterns are changing and oceans are acidifying....
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