Blackrock: Climate Change Is Going to Move a Huge Amount of Money and Not Enough People Are Paying Attention
BlackRock, the world’s largest asset manager with almost $5 trillion (£3.7 trillion) in assets, said that all investors need to factor climate change, and the investment needed to halt it, into their future risk-assessments.
“A tide of new regulations to combat climate change is rising,” BlackRock said in a report. “The risks are underappreciated, yet could soon start to unfold.”
Global leaders put climate change on the G20 agenda on Saturday, when both China and the United States signed on to a plan to curb emissions.