Climate Risk and Market Signals: Why Paris Matters

While the East Coast of the US avoided a direct hit this weekend by Hurricane Joachim, it was still a not-so-welcome reminder that we may not be as ready as we should be for as severe weather events that will likely become the norm (and not the exception) thanks to a changing climate. My work is not weather forecasting but finance and specifically the nexus of climate change and finance. Given the attention climate change is now getting with these more frequent weather extremes many people ask why is it that so little finance flows towards “climate smart” investment. The [...]