'Climate change may threaten $2.5 trillion in financial assets'
Excerpt
Climate change can destroy assets directly through sea-level rise for example, by depreciating their value, or by disrupting economic activities lower down the chain through drought or freak storms. A lot of research has focused on the oil, coal and gas investments that will be lost if the world turns its back on fossil fuels in favour of sustainable energy in line with the 2 C target. The new study attempts to break new ground with the first-ever estimate of a direct impact of climate change on the value of financial assets themselves.
Citation
'Climate change may threaten $2.5 trillion in financial assets'. (2016, April 7). Panay News, p. C5.
Associated content
Online versionSubject
Collections
- Panay News [1453]
Related items
Showing items related by title, author, creator and subject.
-
ASEAN tackles mangrove management
(Manila Bulletin,August 31, 2017 , on page B-9)The Association of Southeast Asian Nations (ASEAN) will try to work out a collaborative sustainable mangrove management in the region amid climate change in a Mangrove Congress September 4-8 in Manila. The Department of ... -
Fish catch in Negros dwindling - UP study
Philippine News Agency (PNA) (The Daily Guardian,August 26, 2015 , on page 6)Fish catch in the waters of Negros Island is dwindling, according to a study conducted by a researcher from UP-Diliman. The study by Remelyn I. de Ramos of the Marine Sciences Institute (MSI) of UP-Diliman revealed that ... -
Top scientists: climate change is real threat
(Manila Bulletin,June 30, 2016 , on page B8)Thirty-one of the country's top science organizations are telling Congress that global warming is a real problem and something needs to be done about it. The groups, which represent millions of scientists, sent the letter ...