Gradually, then suddenly: Why climate change may affect asset prices sooner than you think
As the physical consequences of climate change become more frequent, severe, and costly, new policies and regulation follow. We explore why clients may want to take a strategic approach to managing climate risks sooner rather than later.
https://www.wellington.com/en/insigh...ted/?_c=ai4jsq
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We believe climate risk — and resultant asset repricing — will become top-of-mind issues for investors along the lines of central bank actions, trade policy, or geopolitical tensions. As we know from other market cycles, including the lead-up to the global financial crisis, “gradually, then suddenly” is often how markets respond to existential change, and this is how we see a wide variety of asset prices responding to the growing risks associated with a changing climate.
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One of the more conservative wealth management firms warns of the upcoming consequences of climate change. Maybe morons like Whell will finally understand the threat as more conservatives chime in. He's pretty dense, though...