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What risk does climate change pose to financial markets? And what can we do about it? Acclimatise's Peter Adams spoke to Bob Litterman, chairman of Kepos Capital's risk division and ex-Head of Risk Management at Goldman Sachs to find out.
Bob Litterman speaks about how climate impacts, undervalued carbon assets and a large slice of uncertainty add up to a significant problem for investor's portfolios. He urges governments to price climate risk appropriately by introducing a carbon price that reflects the magnitude of the problem. |