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The multiple dimensions of climate change

If there was a VIX for weather, it would be near all-time highs.
Page 5Weathering Climate Change
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Climate Change is a major macro factor

Climate Change is a major macro factor

Feb 11, 2021

Investors will be on the front line of this battle, making capital allocation decisions that will directly influence the transition to a low-carbon economy.

How are markets pricing in climate risk?

How are markets pricing in climate risk?

Feb 11, 2021

Climate risk will increasingly be reflected in market prices, leading to a potentially dramatic repricing in a range of sectors, assets, and companies.

Investment Implications by Asset Class

Investment Implications by Asset Class

Feb 11, 2021

Climate change is not just a risk factor in the investment framework but an opportunity for active alpha generation along the path to a greener economy.

Portfolio Implications

Portfolio Implications

Feb 11, 2021

Investors can no longer ignore climate change. Yet few have a comprehensive plan to address it. We propose a portfolio-wide climate action plan for investors.

  1. The rise in global urbanization has also exacerbated the impact of rising temperatures and episodes of extreme heat. For more information on urbanization, see “The Wealth of Cities” http://www.wealthofcities.com.
  2. India Meteorological Department, Ministry of Earth Sciences, as of 2019. 
  3. Ceccherini, Guido, et al., “Heat waves in Africa 1981-2015, observations and reanalysis,” European Commission, 2017. 
  4. Kossin, James P. Olander, Timothy L., and Knapp, Kenneth R., “Trend Analysis with a New Global Record of Tropical Cyclone Intensity,” Journal of Climate, July 17, 2013.; “Global Warming and Hurricanes: An Overview of Current Research Results,” Geophysical Fluid Dynamics Laboratory at U.S. National Oceanic and Atmospheric Administration, September 23, 2020.
  5. Machemer, Theresa, “The 2020 Atlantic Hurricane Season Officially Has the Most Named Storms on Record,” Smithsonian Magazine, November 11, 2020. 
  6. Bolongaro, Kait, “Farmer vs. sand: Spain’s fight against desertification,” Politico, April 3, 2019. 
  7. Gray, Ellen, “NASA Finds Drought in Eastern Mediterranean Worst of Past 900 Years,” U.S. National Aeronautics and Space Administration, March 1, 2016.
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