Markets Are Watching Biden's Climate Plans, But Not Waiting for Them
While steps have been taken to narrow the climate policy gap, it remains to be seen how the new measures will prompt companies to act and investors to respond.
Taimur Hyat, Chief Operating Officer at PGIM, joined Bloomberg Radio to share insights from PGIM’s latest Megatrends report, Weathering Climate Change. During the interview, Hyat explored the ways climate change is transforming the global economy, assessed the hidden portfolio vulnerabilities and potential opportunities in the transition to a lower-carbon world, and suggested that whether through gradual repricing or abrupt Minsky moments, markets will eventually be forced to more fully price in climate risk.
A PGIM-Greenwich survey of 101 global institutional investors about how climate change is affecting their portfolios by creating new risks & opportunities.