Global financial institutions 'assessing' countries on climate change risk

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The Investor Group on Climate Changes Erwin Jackson says by not signalling ambition on net-zero by 2050, nations are sending a message to capital markets that they dont want the trillions of dollars available for new clean industries. Global financial institutions are assessing countries at a macro level about whether theyre prepared to take on and invest in those countries because of climate change risk, Mr Jackson told Sky News Australia. By not signalling ambition on the pathway to net-zero by 2050, you are essentially sending a message to capital markets globally that you are not interested in attracting the trillions of dollars available for new clean industries. Read More Our Apps