Rising global temperatures, record heatwaves and costly wildfires seen in recent months are events scientists have longed warned about. Still, most investors rank inflation, rising rates, geopolitical tensions and finding new economic drivers – not climate change – as top risks.
AllianceBernstein believe all those risks are important. But with global temperatures at life-altering highs, climate change needs to be incorporated into investment decisions right alongside them. Climate change is measured by more than degrees. Its long-term economic impact is severe, with an energy crisis currently at its epicentre.
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