Pension funds suddenly discovering that a 3°C hotter planet might ruin retirement portfolios is marvellous timing. It turns out compound interest loses quite a bit of its magic when the entire global financial system is swimming in uninsurable physical risk. #ClimateCrisis 📈🔥
Pension funds try to come to grips with the scariest global warming scenarioLong regarded as an outlier scenario, tipping points are now making their way into portfolio analysis and even informing financial regulations.www.latimes.com