Climate risk refers to assessments of the expected impact of the climate crisis on investments, including the likelihood that fossil fuel investments will lose value and potentially become stranded as the world reduces greenhouse gas emissions. The student said the case had been developed after she introduced herself to Barnden when he gave a lecture at La Trobe on climate risk last year. “I’m 23, I look to the future and I can definitely see that climate change is here and is going to get worse,” O’Donnell said. Reserve Bank warns climate change posing increasing risk to financial stability Read moreBarnden said he believed it was the first case that dealt with climate change as a material risk to the global sovereign bond market. “Australia is on the frontline of sovereign climate risk,” Barnden said.

Source: The Guardian July 22, 2020 04:07 UTC