Research
Economic Damage From Climate Change Could Dent Global Income by 19% Over 25 Years
Study also finds that the costs of climate change damage is significantly more than the cost to limit global warming.
The $1.4T Norges Bank Investment Management has increased its climate expectations for more than 9,000 companies in its portfolio.
The philanthropic organization announced the strategy is unprecedented in the foundation’s 110-year history.
The bank’s second climate stress test showed ‘there is a clear need for speed’ to meet the goals of the Paris agreement.