In the last issue, “New Climate Economy,” we explored efforts to quantify both the investment opportunities (potential for growth) that the climate crisis affords and the estimates of global economic costs due to climate change. These numbers aren’t really news to anyone, and they’re certainly not news to the financial sector that prides itself on quantitative modelling and forecasting. So, I’ll ask the questions here that I raised in the issue itself.

Why is business (and government) investment taking so long to properly reconcile projected costs? Does this represent a particular market inefficiency we can fix, or is it a systemic flaw? If it’s fixable, how?

Note: I’ll be away from internet this week so likely won’t see what folks are thinking till next week.