Climate Change Threatens Trillions Worth of Financial Assets
New research from the London School of Economics estimates that a broad range of global stocks and other financial assets are overvalued because investment managers don’t take the risks of climate change into account. LSE researcher Alex Bowen tells host Steve Curwood that when investors factor in those risks, present values worldwide could fall by 2.5 trillion dollars, but the worst-case scenario is far, far worse. (published April 8, 2016)
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