Why the new IPCC report is also a ‘code red’ for finance

By Stacy Swann, Alan Miller, and Darius Nassiry Earlier this week, the Intergovernmental Panel on Climate Change (IPCC) released its report "Climate Change 2021: The Physical Science Basis."  The report was based on over 14,000 studies by hundreds of scientists from 66 countries and represents a significant update to the last major report eight years ago. Recent extreme weather events, including wildfires in California, Greece, Turkey, and Russia, and flooding in China and northern Europe, underscored the risks of extreme weather amplified by climate change. The reaction in the press was dire: ­ "Code red for humanity" and "the [...]