Climate change and the financial sector: an agenda for action
Climate change poses a major risk to the global economy: It affects the wealth of societies, the availability of resources, the price of energy and the value of companies. The financial industry has a two-fold responsibility. On the one hand, it needs to prepare itself for the negative effects that climate change may have on its business and on its customers. On the other hand, it can significantly help mitigate the economic risks and enter the low-carbon economy by providing appropriate products and services. The report identifies risks for the sector which are due to climate change, and develops actions that demonstrate how integrated financial services companies, such as Allianz Group, can turn these risks into opportunities.
Related Content
- Mainstreaming climate change adaptation in Kenya: lessons from Makueni and Wajir counties
- Climate change adaptation in Africa
- Reporting climate resilience: the challenges ahead
- Global Climate Index 2017
- Regulatory indicators for sustainable energy: a global scorecard for policy makers
- RE‐energising India: policy, regulatory and financial initiatives to augment renewable energy deployment in India: policy brief