Aggressive Climate Action Needed to Preserve Stock Value, Report Warns

Source: U.S. News and World ReportDecision makers should pursue aggressive policies to bring climate change under control if they want to avoid losses in the value of global stocks that could top 50%, think-tank EDHEC-Risk Climate Impact warned in a 74-page report published on Wednesday. The report explains how physical climate damage, along with the costs of transition, can have a dramatic impact on the value of stocks, and, by extension, can threaten global financial stability.