Global warming above 1.5 ° C presents irreversible, predictable and large-scale risks to investors and financial markets. The commitments that have emerged and in the context of Glasgow have been significant, but global action is still insufficient.
The transition to net zero emissions is inevitable and already underway, and investors want to seize the huge trillion-dollar investment opportunities that will be created. There is a huge opportunity to create new jobs and stimulate economic growth, but only for those countries leading the curve.
In Asia, Australia and New Zealand, we are calling on governments to engage in clear and strong climate policies for 2030 that will unlock the capital needed for the transition to a net zero economy.