Climate: banks produce ‘white noise, no real substance'
“It is not five minutes to twelve, but one minute to twelve,” said Detlef van Vuuren, one of the Dutch scientists who collaborated on the latest report by the UN climate agency, the IPCC.
According to the report, presented on Monday, countries have to invest three to six times more than currently agreed in measures to reduce greenhouse gases. If that does not happen, the climate goals will be far out of reach. That is this week’s alarming message from the United Nations.
Han Dieperink: more inflation thanks to IPCC report
The IPCC report is widely seen as disturbing and alarming. The urgency is clear. The most important consequence for investors is that it will lead to more inflation. After all, the report’s obvious aim is that more must be done to combat global warming.