US Climate Report Suggests $500bn of Property Below Sea Level by 2100

Risky Business report frames climate change as risk issue with price tag.  Does it indicate that the financial community is beginning to take climate change seriously?

So, is there a role of investors in the climate change debate?  This year alone, investors have filed more than 140 climate-related shareholder resolutions with US companies.  At the same time, a coalition of investors called the Carbon Asset Risk (CAR) initiative, coordinated by Ceres and the Carbon Tracker initiative, with support from the Global Investor Coalition on Climate Change, launched a coordinated effort to encourage 45 of the world's largest fossil fuel companies to address the financial risks posed by climate change.

But it is clear that investors could be doing more.  There is a major opportunity for investors to demonstrate that they are increasingly ready for serious climate action from policymakers ahead of the UN Secretary-General's Climate Summit in September 2014, which is anticipated to build momentum for a strong global climate agreement in 2015.

US Climate Report Suggests $500bn of Property Below Sea Level by 2100