By Susanna Rust
Investors should be braced for governments to act forcefully but in an uncoordinated fashion on climate change within the next five years, according to the Principles for Responsible Investment (PRI).
The organisation last week released major research papers related to modelling the financial impact of what it has called the ‘Investable Policy Response’ (IPR).
Introducing a panel dedicated to the IPR work at the PRI’s annual conference, Sagarika Chatterjee, director of climate change at the PRI, said: “Signatories around the world are very concerned that markets are not pricing in climate risks and investors tell us that they believe it’s not about if governments will act but when, how and with what impact.”
The project is a collaboration between the PRI, Vivid Economics and Energy Transition Advisors, with contributions from 2° Investing Initiative, Carbon Tracker and the Grantham Research Institute on Climate Change and the Environment.