Investors pushing business to avoid a carbon bust

Ask a senior banker about the big financial risks that keep them up at night, and climate change probably won't be one of them.

Avoiding a 'carbon bubble' is front of
mind for a growing number of investors. 

Yet that may soon change, as investors controlling trillions of dollars, and powerful regulators, turn their sights on the potentially big financial risks created by a world that's getting warmer.

Even as US President Donald Trump seeks to reverse global moves to lower carbon emissions, a group of corporate giants and regulators have decided the purely financial risks of climate change are too great to be left unchecked.

In July this year, a group of global firms with combined market value of US$1.5 trillion and US$20 trillion in assets will deliver recommendations to G20 leaders on how to avoid the risk of serious financial dislocation caused by a carbon bust.

Read the story by Clancy Yeates in The Sydney Morning Herald - “Investors pushing business to avoid a carbon bust.”