"The tide has turned," said Michael Wilkins, the head of climate and environmental risks at Standard & Poor's Global Ratings, adding the transition meant the economic viability of assets such as coal mines and coal-fired power stations would be "vastly impaired".
Mr Wilkins' comments come as new S&P research points to deep falls in the costs of renewable energy as other groups report important shifts by corporations at home and abroad on climate risks.
Read more at Tide Has Turned': Global Rating Agency Says Climate Economics Trump Politics
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