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Investors increasingly recognize the urgency of climatechange and have allocated a growing amount of capital to sustainability efforts, with $500 billion dedicated to decarbonization in 2020 – double the amount invested in 2010. DESCRIPTION: The next ten years will be a critical decade to reduce greenhouse gas (GHG) emissions.
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I first started working on climatechange in the 1990s, advising President Clinton as Chair of the Council of Economic Advisers in the run-up to the 1997 Kyoto Conference of Parties. We understood that the potential cost of climatechange was significant. . Yellen’s to the Institute of International Finance.
Looking at news headlines, you might think that there’s a dramatic rise in refugees escaping war, conflict, and climatechange. Over the next couple of decades, this number actually went down but picked up again in 2010. The “race for labour” occurs because of demographic changes, like aging populations in many countries.
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