Finance sector cautioned over climate change

The world financial industry was today urged to wake up to the risks of climate change. A UN environment programme (Unep) report put potential annual losses over the next ten years from natural disasters at close to US$150bn (€154bn). Pension funds could also see the value of energy and power firms dwindle. The report outlines potential opportunities for the sector to reduce risks or make profit, for example by engaging with emission trading schemes or backing clean energy. See Unep finance initiatives, and report summary, plus part one and part two.

Please sign in to access this article. To subscribe, view our subscription options, or take out a free trial.

Please enter your details

Forgotten password?

Having trouble signing in?

Contact Customer Support at
or call 020 8267 8120

Not a subscriber?

Take a free trial now to discover the critical insights and updates our coverage offers subscribers.