carbon emissions

An abrupt and disorderly transition to a low carbon economy risks disrupting the financial system as a sudden implementation of climate change mitigation policies can increase transition risks, a new European Central Bank study said on Friday.

The ECB’s researchers raised the prospect of “severe banking system losses” if no additional policy action is taken. These losses could reach “up to 40 percent more” compared to a baseline scenario where no policy action is taken.

The 300 largest pension funds in the world together had 21,700 billion US dollars under management in 2020. An increase of 11.5 percent, according to a study by Willis Towers Watson, in cooperation with the American platform Pensions & Investments. Prevailing trend: becoming more complex, but above all more holistic.