An excerpt from Reuters immediately below
Climate change could put trillions of investment dollars at risk over the next 20 years, a global study released on Wednesday said, calling for pension funds and other investors to overhaul how they allocate funds.
Risks from more extreme weather, continued delay in climate policy by governments and uncertainty over the shape of a new global climate pact were major concerns, while renewable energy, agriculture and infrastructure could be opportunities.
The study, led by global investment consultancy Mercer, describes climate change as systemic risk because it challenges the conventional allocation of assets and requires new ways of assessing climate policy and change risks.
For example, global warming-related policy changes could boost the cost of carbon emissions for power generators, aluminum smelters, transport and other sectors by $8 trillion by 2030, said the report.
See HERE
But what does the source report cited by Reuters actually say?
Unlike Reuters’ misrepresentation of the issue of risk due to “climate change”, the actual report is about risk due to “climate policy”. In other words, climate change is not causing a risk, government policies trying to respond to the issue are the real risk.
Governments create risk, Reuters creates alarm.
SOURCE
Posted by John J. Ray (M.A.; Ph.D.).
No comments:
Post a Comment