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No more decades for dithering: it is crunch time to push climate policy - BNP Paribas Asset Management

A major new forecast commissioned by the UN-supported Principles for Responsible Investment (PRI) argues that accelerating the implementation of climate change policies by 2025 would render the ‘below 2°C’ Paris Agreement target feasible.

Posted on Dec 14, 2021

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... The study shows the pursuit of a 1.5°C limit on global warming requires an immediate ramp-up in policy action, not only on energy but – crucial to success – also on food and land use.

The PRI-commissioned Inevitable Policy Response (IPR) project aims to prepare institutional investors for the portfolio risks and opportunities associated with a forecast acceleration of policy responses to climate change. The IPR contends that governments will be forced to act more decisively than they have to date, exposing financial portfolios to significant transition risk. The project is led by Vivid Economics and Energy Transition Advisors. Combined with research partners and investor strategic partners, the latter including BNP Paribas Asset Management, this forms a Climate Transition Forecasting Consortium.

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