Climate change is a risk that is hurtling down fast upon us. The recent release of a discussion paper by the Reserve Bank of India (RBI) on climate risk acknowledges it as a systemic risk to the financial system. The London School of Economics estimated in 2016 that the value of global financial assets at risk from climate change is $2.5 trillion, and this rose to $4.2 trillion in 2019, as per The Economist. It is imperative that investors understand and plan for these impending issues. But, how do investors identify winners and losers in the transition?
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